Travers Smith LLP has advised Delancey, a UK-focused property and real estate infrastructure asset and investment manager, on the launch of a new specialist real estate credit strategy.
The strategy, known as AlbionArc Capital, will be sector-agnostic, targeting transitional and bridge situations, providing short-to-medium term whole loans of £10m and above, with terms between 12 – 36 months. Development assets are included with the strategy’s scope.
AlbionArc Capital is established as a long term, scalable strategy designed to recycle capital efficiently and deploy substantial volumes across UK real estate credit opportunities. As with Delancey’s existing debt strategies, this transitional real estate finance strategy will lend across sectors, with a strong emphasis on high quality sponsors and liquid assets.
The Travers Smith team was led by Head of Funds Jeremy Elmore and Private Equity & Financial Sponsors Partner Tom Hartwright. Support was provided by Funds Associate Carmen El-Saoud and Private Equity & Financial Sponsors Senior Associate Vanessa Kitching. Tax advice was provided by Partner Elena Rowlands and Senior Associate Aimee Hutchinson.
