Osprey 10

 

 

A vehicle advised by OEP Developments (a development company owned by the principals of Osprey Equity Partners and Hadley Property Group) exchanged contracts in March 2015 on a site at South Grove in Walthamstow, North East London for a substantial mixed-use residential and commercial property development.

The site originally had planning consent for 245 apartments and 108,000 sq ft of retail space.

In May 2016 the JV obtained a revised planning consent for a 473 unit residential-led scheme.

Osprey Income and Growth 6

 

Osprey Income and Growth 6 completed in September 2014 the forward funding of a food store, petrol filling station and KFC drive-through restaurant in Middlesbrough.  The food store and petrol filling station have been pre-let to Sainsbury’s on a 25 year unbroken lease.

The project equity has been funded by family office clients of Osprey Equity Partners, with debt finance provided by The Royal Bank of Scotland plc.

Construction works commenced in September 2014 and reached practical completion in July 2015.

Osprey Income and Growth 1

 

 

Osprey Supermarket Income and Growth 1 LP closed in March 2012, having raised equity finance from private investors and debt finance from HSBC Bank to forward fund a food superstore in Sunderland pre-let to Sainsbury’s on a 25 year unbroken lease.

The Fund has an indicative IRR of 9.5% pa over a six year term, including a highly tax efficient income distribution of 5.25% pa.

The property reached practical completion in March 2013 and the first quarterly income distribution was made to investors in April 2013.

Following a refinancing of the loan facility with HSBC Bank in July 2014 to extend the term of the facility and reduce the interest rate, the investor income distribution has increased to 5.50% pa.

Osprey Income and Growth 2

 

Osprey Income and Growth 2 LP closed in February 2013, having raised equity finance from private investors and debt finance from HSBC Bank to forward fund a food superstore in Rotherham pre-let to Tesco on a 30 year unbroken lease.

The Fund has an indicative IRR of 9% to 11% pa over a five year term, including a tax efficient income distribution of 6% pa.

Construction works commenced in May 2013 and reached practical completion in October 2014.

Terms were agreed with HSBC in November 2014 to extend the term of the loan facility and reduce the interest rate, following which the investor income distribution has increased to 6.50% pa.

Osprey Income and Growth 13 has completed on the forward funding of a 131 bedroom hotel on Windsor Road, Slough.

The property has been fully pre-let to Premier Inn on a 25 year, inflation-linked lease.

In January 2016, the Fund exchanged contracts for the sale of the hotel at a 4.5% net initial yield.

Completion of the sale will occur on practical completion of the building works in Q4 2016.  The net return to investors equates to an IRR of 23% pa.

Osprey Income and Growth 13

Now sold – 23% IRR achieved

 

Osprey Income and Growth 3

 

Osprey Income and Growth 3 LP closed in August 2013, having raised equity finance from private investors and debt finance from Barclays Bank to forward fund a food superstore in Cambridgeshire pre-let to Tesco on a 25 year unbroken lease.

The Fund has an indicative IRR of 12% pa over a four year term, including a tax efficient income distribution of 5.50% pa.

Construction works commenced in September 2013 and reached practical completion in October 2014.

Osprey Income and Growth 4

Now sold – 14% IRR achieved

Osprey Income and Growth 4 LP closed in December 2013, having raised equity finance from private investors and debt finance from The Royal Bank of Scotland to forward fund a “hub by Premier Inn” hotel in central London, pre-let to Whitbread on a 30 year lease.

The Fund has an indicative IRR of 8.5% to 10.5% pa over a 4.5 year term, including a highly tax efficient distribution of 6% pa.

Construction works commenced in January 2014 and reached practical completion in Q1 2016.

In March 2016, the Fund sold the hotel to a UK institutional fund. The net return to investors equates to an IRR of 14% pa.

Osprey Income and Growth 7

Now sold – 14% IRR achieved

Osprey Income and Growth 7 LP closed in March 2015, having raised equity finance from private investors and debt finance from HSBC Bank to forward fund a foodstore in Leeds, fully pre-let to Aldi on a 20 year unbroken and inflation linked lease.

The Fund has an indicative IRR of 9% to 10% pa over a five year term, including a tax efficient income distribution of 6.25% pa.

Construction works reached practical completion in September 2015.

In May 2016, the Fund sold the property to a UK institutional fund with a net return to investors equating to an IRR of 14% pa.

Osprey Income and Growth 8

 

 

Osprey Income and Growth 8 completed in July 2015 the forward funding of a hotel and retail development in East Grinstead, West Sussex.

The 72 bedroom hotel has been fully pre-let to Travelodge on a 25 year unbroken and inflation-linked lease and the 12,000 sq ft retail unit has been fully pre-let to Wilkinson on a 15 year unbroken lease.

The project, which has been funded by Osprey’s family office clients, has an indicative IRR of 10% pa, including a tax efficient income distribution of 6.25% pa.

Construction works are due to reach practical completion in June 2016.

Osprey Income and Growth 11 LP closed in July 2015, having raised equity finance from private investors and debt finance from The Royal Bank of Scotland plc to forward fund a retail development in Kingston upon Hull.

The project has been fully pre-let to Aldi and Home Bargains on long and predominantly inflation-linked leases.

The Fund has an indicative IRR of 9% to 10% pa over a five year term, including an income distribution of 6.5% to 7.5% pa.

Construction reached practical completion in November 2015.

In May 2016, the Fund sold the property to a UK institutional fund with a net return to investors equating to an IRR of 15% pa.

Osprey Income and Growth 11

Now sold – 15% IRR achieved

 

Osprey Income and Growth 9

Now sold – 20% IRR achieved

 

Osprey Income and Growth 9 LP closed in June 2015, having raised equity finance from private investors and debt finance from The Royal Bank of Scotland plc to forward fund a retail development in St Neots, Cambridgeshire.

The project has been fully pre-let to Aldi, B&M and Pets at Home on long and predominantly inflation-linked leases.

The Fund has an indicative IRR of 9% to 10% pa over a five year term, including an income distribution of 6.5% to 7.5% pa. Construction works reached practical completion in February 2016.

In May 2016, the Fund sold the property to a UK institutional fund with a net return to investors equating to an IRR of 20% pa.

Osprey Equity Partners has invested equity, on behalf of its private clients, across a range of real estate investment and development projects managed by both its sister companies at LJ Partnership and external managers.

These include a London portfolio of serviced offices, the development of a new 750 bed hotel at Heathrow Airport and UK based renewable energy assets.

Osprey 15

 

Osprey Income and Growth 5

 

Osprey Income and Growth 5 completed in May 2014 the forward funding of a food superstore in Hinckley, Leicestershire pre-let to Sainsbury’s on a 27 year unbroken lease.

The project has been fully funded by family office clients of Osprey Equity Partners.

Construction works commenced in June 2014 and reached practical completion in June 2015.

Osprey Income and Growth 12 LP closed in December 2015, having raised equity finance from private investors and debt finance from The Royal Bank of Scotland plc to forward fund two retail developments in Bradford and Wakefield.

The properties have been fully pre-let to Aldi, B&M and Home Bargains on long and predominantly inflation-linked leases.

The Fund has an indicative IRR of 9% to 10% pa over a five year term, including an income distribution of 7% to 8% pa.

Construction works will commence in Q1 2016 and reach practical completion in Q4 2016.

Osprey Income and Growth 12

 

 

Osprey 16 has provided short term debt funding to commercial property developers to finance the acquisition and planning approvals required for various retail property schemes.

The projects provide Osprey’s high net worth clients with high-yielding, fixed term and first charge secured loan investments.

Osprey 16

Now exited – 24% IRR achieved

Osprey Income and Growth 19 has completed on the forward funding acquisition of a 178 unit apart-hotel at 27 Commercial Road, Aldgate, London E1.

Osprey has purchased the land which benefits from full planning consent and will fund the developer - Reef Estates - during the development period.

The acquisition and development has been financed through a senior development and investment loan from HSBC and equity from Osprey’s principals and investors.

Once constructed, the 21 storey landmark property will be operated by Go Native, the serviced apartment specialist, under a hotel management agreement.

Osprey Income and Growth 20 LP exchanged contracts in November 2016 on the forward funding of a retail development in Skegness, Lincolnshire.

The project has been fully pre-let to M&S Simply Food, Aldi, B&M and Pets At Home, on long and predominantly inflation-linked leases.

The Fund has an indicative IRR of 10% to 12% pa over a five year term, including an average income distribution of 7.5% pa.

Osprey Income and Growth 21 LP closed in November 2016 having raised equity finance from private investors and debt finance from The Royal Bank of Scotland plc to forward fund a foodstore development in Cottingham, Yorkshire.

The project has been fully pre-let to Aldi on a long and inflation-linked lease.

The Fund has an indicative IRR of 10% to 12% pa over a five year term, including an average income distribution of 7.5% pa.

Osprey Income and Growth 19

 

 

Osprey Income and Growth 20

 

 

Osprey Income and Growth 21

 

 

Osprey Income and Growth 14 LP has completed on the forward purchase and leaseback of Holland & Barrett’s European headquarters office in Nuneaton, Warwickshire.

The property has been fully pre-let to Holland & Barrett on an unbroken 25 year, annual RPI-linked lease.

The Fund has an indicative IRR of 10% to 12% pa, including an income distribution of 7.5% pa.

The extension construction works are due to complete in December 2016.

Osprey Income and Growth 14

 

Osprey Income and Growth 17 LP closed in June 2016, having raised equity finance from private investors and debt finance from The Royal Bank of Scotland plc to forward fund a retail development in Doncaster, Yorkshire.

The project has been fully pre-let to Aldi, B&M and McDonald’s on long and predominantly inflation-linked leases.

The Fund has an indicative IRR of 10% to 12% pa over a five year term, including an income distribution of 6.5% to 8.5% pa.

Osprey Income and Growth 17

 

 

Osprey Income and Growth 18 LP closed in June 2016, having raised equity finance from private investors and debt finance from HSBC to forward fund a hotel development in York.

The project has been fully pre-let to Travelodge and Costa Coffee on long and inflation-linked leases.

The Fund has an indicative IRR of 9% to 10% pa over a five year term, including a tax efficient income distribution of 6.5% pa.

Osprey Income and Growth 18

 

 

Osprey Equity Partners Limited is the appointed representative of LJ Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FCA No. 582903)

 

Osprey Equity Partners is the trading name of Osprey Equity Partners Limited (No. 7805418). Registered office: 9 Clifford Street, London W1S 2FT