Westbrooke and Eastwood announce new joint venture

Westbrooke Alternative Asset Management (Westbrooke) and Eastwood Investment Group (Eastwood) are pleased to announce their new joint venture.

Eight storey residential scheme in Tonbridge, Kent | PBSA News
Eight storey residential scheme in Tonbridge, Kent.

The partnership with Westbrooke will allow Eastwood to diversify and expand its real estate portfolio of unconsented residential development sites, with an interest in the purpose-built student accommodation (PBSA) sector.

Westbrooke’s backing is a huge boost for Eastwood and its future growth. Under the partnership, Eastwood are looking to secure a portfolio of unconsented development sites with a total value of £50m to £100m across ten or more sites.

“We are thrilled to be partnering with Westbrooke and are confident that this partnership will bring great success for both entities. This joint venture combines the expertise and experience of both companies. We look forward to creating exceptional regeneration projects, as well as returns for investors.”

Joshua Prince, Co-Founder, Eastwood

Despite the downturn in real estate markets arising from the high interest rate environment, the joint venture between the two companies has started positively.

“We are contributing significant investment to the partnership, allowing Eastwood to diversify and expand its niche real estate strategy. The joint venture will focus on acquiring unconsented development land, asset management opportunities, and high-yielding investments capitalising on Eastwood’s planning expertise. We have always been impressed with the team at Eastwood and are excited to join forces with them.”

Richard Asherson, Managing Director, Westbrooke

Multiple planning-led projects have been secured, including a high-quality housing scheme in Haywards Heath, Mid Sussex.