Investment Type:

JOINT VENTURE

Investment Horizon / Maturity:

6 years

Return Profile:

8–10% p.a.

Total Offering Size:

18,000,000 GBP

Asset repositioning strategy

Income property repositioning project focused on improving an existing operating asset. The business plan is based on refurbishment, tenant engagement, lease management and stabilisation of rental income before a future sale or refinancing. The key review point is whether the manager can improve the asset through active asset management. Detailed numerical investment terms are kept in the structured fields.

Minimum Investment: 900,000 GBP

Distribution Mechanism: Profit distributions and exit proceeds according to the project vehicle documents.

Security / Protection Structure: Equity participation in project vehicle with governance and reporting rights

Early Exit / Redemption Terms: Exit through stabilized asset sale

Capital Return Mechanism: Profit distributions and exit proceeds

ISIN: Not assigned

Investment Opportunity Status: ACTIVE

Transaction ID: II-25-563

Financial Performance

Revenue (current year): 21,000,000 GBP

Revenue (2 years ago): 15,000,000 GBP

Revenue (1 year ago): 18,000,000 GBP

EBITDA (current year):

EBITDA (2 years ago): 2,100,000 GBP

EBITDA (1 year ago): 2,700,000 GBP

Operating Profit (EBIT) (current year): 3,000,000 GBP

EBITDA Margin: 14.3%

Balance Sheet & Leverage

Total Assets: 39,000,000 GBP

Equity: 19,000,000 GBP

Long-term Liabilities: 13,000,000 GBP

Short-term Liabilities: 7,000,000 GBP

Equity Ratio: 48.7%

Net Debt / EBITDA: 6.7x

Total Liabilities: 20,000,000 GBP

Liabilities / Equity: 1.1x

Liabilities / Assets: 51.3%

Long-term Liabilities / Total Liabilities: 65.0%

Short-term Liabilities / Total Liabilities: 35.0%

Collateral Coverage

Value of Collateral: N/A

Collateral Coverage Ratio: N/A

Description of Collateral and Coverage: No standalone collateral; investor protection is based on project vehicle ownership, governance rights, reporting, sponsor alignment and exit control.

Use of Funds & Valuation

Use of Proceeds: Equity funding for income property repositioning

Accepted Investment Currencies: GBP, EUR, USD

Ownership & Legal

Ownership Structure:

Sponsor 25%, new institutional investors 75% after closing

Existing Financing: Asset-level mortgage financing

Company Jurisdiction: United Kingdom

Business & Strategy

Company / Project Description: Income property project vehicle focused on income property repositioning.

Revenue Generation Model:

Revenue from rental income and proceeds from a stabilised asset sale.

Year Established: 2020

Number of Employees: 9

Brief History:

The sponsor has operated regional income property assets and is moving to institutional JV capital.

Reason for Capital Raising:

Equity capital for acquisition and repositioning strategy.

Core Business Activity:

Income real estate repositioning and asset management.

Company Stage: Active – due diligence stage

Revenue Generation Model:

Revenue from rental income and proceeds from a stabilised asset sale.

Detail

The opportunity concerns a income property project vehicle active in income property repositioning. The business is built around refurbishing an existing asset, improving tenant mix, managing leases and stabilising rental income. It should be assessed as an operating business with defined commercial drivers, rather than as a generic financial product. The sponsor or manager is expected to demonstrate sector knowledge, control over execution, a credible reporting process and the capacity to manage the project through the full investment period. The commercial rationale is based on the practical economics of income property repositioning. Revenue generation is expected to come from rental income and proceeds from a stabilised asset sale. The investment case therefore depends on the quality of the underlying assets, the reliability of demand, the competence of the operating team and the ability to convert the business plan into measurable cash generation. Investors should focus on whether the assumptions are supported by contracts, market evidence, operating history and a realistic implementation plan. Capital is intended to support equity funding for income property repositioning. The funds should be applied within the defined business perimeter and monitored through normal institutional reporting. For this type of opportunity, investors would normally expect clear use-of-funds controls, regular management information, budget monitoring, restrictions on material changes and a transparent approval process for major decisions. Where the structure involves a dedicated project vehicle or fund vehicle, the separation between the investment perimeter and the sponsor’s wider activities should be clearly documented. Execution risk is central to the assessment. The relevant diligence should cover management experience, asset control, customer or tenant demand, supplier and contractor arrangements, regulatory conditions, legal enforceability, insurance, reporting and the practical route to liquidity. A credible plan should explain how the business will be operated, which milestones must be achieved, how delays or cost pressure would be managed and what information investors will receive during the holding period. Investor protection should be analysed through the specific instrument and governance package. The current structure is described elsewhere in the dataset as joint venture equity participation, and the investor position should be read together with subscription documents, constitutional documents, reporting obligations, transfer restrictions, tax considerations and risk factors. The narrative intentionally avoids repeating headline financial terms, because those terms belong in the structured fields of the platform and in the formal documentation. The opportunity is intended for institutional review. It should therefore be presented as a business profile: what the company or vehicle does, why the project exists, how the operating model creates value and which commercial factors matter before an investment committee proceeds to deeper due diligence. The investor should separately review the financial model, legal documentation, management accounts, audit status, sensitivity analysis and all assumptions supporting the business plan. In practical terms, the strongest review questions are whether the property asset manager has sufficient execution capacity, whether the business plan is based on verifiable market evidence, whether governance rights are adequate for the risk profile and whether the exit or redemption route is realistic under conservative conditions. The opportunity should not be evaluated only on presentation quality; it should be tested against asset-level evidence, contractual documentation, management reporting and downside scenarios. This makes the description useful for screening while leaving formal investment terms to the structured fields and transaction documents. In practical terms, the strongest review questions are whether the property asset manager has sufficient execution capacity, whether the business plan is based on verifiable market evidence, whether governance rights are adequate for the risk profile and whether the exit or redemption route is realistic under conservative conditions. The opportunity should not be evaluated only on presentation quality; it should be tested against asset-level evidence, contractual documentation, management reporting and downside scenarios. This makes the description useful for screening while leaving formal investment terms to the structured fields and transaction documents.

Pro-forma & Transaction

Deal/Revenue: 0.9x

Deal/EBITDA: 6.7x

Deal/Equity: 0.9x

Structure & Terms

Capital Structure: Equity 48.7%, liabilities 51.3%.

Investor Ranking: Equity participant at project vehicle level

Return Source Mix: Rental income and asset sale proceeds

Instrument: Joint venture equity participation

Financial Reporting:

Accounting Standard: IFRS

Audit Status: Unaudited project/SPV financials

Data Room:

Audit:

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