Real estate development lending platform – Precede Capital Partners – announces that industry veteran Nigel Webb joins its Board as Non-Executive Director. Nigel will also sit on the company’s Credit and ESG Committees.
Nigel’s appointment brings more specialist expertise to a highly experienced team with significant experience of structuring capital and underwriting complex transactions.
As a leading figure in the UK construction industry, Nigel will strengthen Precede Capital’s Board expertise. Nigel’s extensive network of contacts and industry knowledge will assist Precede Capital’s specialist team, as it continues to source, underwrite, structure and manage large-scale loans to finance complex developments in the purpose-built student accommodation (PBSA) sector, as well as in later living, residential for sale and Build to Rent.
“It is a pleasure to be joining the team at Precede Capital at a time of significant growth for the platform. The UK construction market is contending with various headwinds, and our lending continues to play a crucial role in enabling the construction of new residential schemes that meet national demand for housing and bring social value to local communities.
“We aim to leverage our collective team experience to produce highly bespoke financing solutions for our clients, whilst helping them push forward the sustainability agenda. I look forward to supporting the Precede Capital team on loan selection and portfolio management, ensuring effective risk management across the lifecycle of our loans.”Nigel Webb, Non-Executive Director, Precede Capital
Working in one of the UK’s largest property development companies, British Land, Nigel has over three decades of experience in leading large-scale development projects.
Nigel oversaw British Land’s activities throughout the UK and Ireland – across all sectors including residential. As Director and Head of Development, he also led on several iconic London office developments.
“Nigel’s reputation and experience precede him, and we are delighted to have him join our Board. At a time of significant opportunity for non-bank lenders to play a vital role in funding and supporting UK real estate, Nigel’s impressive tenure at British Land and experience supporting landmark, ambitious developments in multiple asset classes will be a vital advantage for our team as we continue to scale our business.”Randeesh Sandhu, CEO and Co-founder, Precede Capital
Precede Capital (then Précis Capital) has built a steady track record since its launch in March 2021, having originated and arranged loans totalling nearly £1.7bn.