London investor-developer, Amazon Property commits via the group’s private equity division – Amazon Capital – a £250m real estate fund to invest in joint venture opportunities in the purpose-built student accommodation (PBSA), logistics, managed office solution, Life Sciences and retirement sectors.
Amazon Capital has committed £100m of equity and debt/bank funding to raise the £250m, which will be used to provide private equity funding to joint venture partners/development managers and asset managers in the alternatives sectors, including PBSA.
Amazon Capital will provide funding for acquiring PBSA sites without planning, providing 300 to 500 student beds in key university centres – such as London and regional cities.
“Amazon Capital is a bespoke private equity operator who understands the real estate market and as a JV partner we offer long-term support, flexibility, innovation together with streamlined and fast decision making. We have committed £250m of fresh funding and are seeking new joint venture opportunities across London and the UK with other talented entrepreneurs and sector leaders. We are able to make fast investment decisions, as opposed to prolonged board committees, and are committed to forming equity platforms and repeat deal flow in line with our partners’ long term business endeavours.”Chris Lanitis, COO of Amazon Property & Founder & CIO of Amazon Capital
Amazon Property, run by CEO Charles Gourgey and COO Chris Lanitis, has built its strong brand reputation for quality and fine attention to detail – through delivering 80 mixed use developments such as The Hempel Collection with British Land, The Park Crescent and The Soho Works Estate, and acquiring over 3 million sq ft of development and investment assets.
The group’s success over a 25 year period is its operational flexibility in being able to consider a wide variety of asset classes, with varying degrees of complexity, and delivering best-in-class projects. This agility has been the hallmark of the brand.