Europa Capital and St Congar Land acquire interest in Toad’s Hole Valley, Brighton, England
Europa Fund IV’s Residential Investment Land platform, managed by Europa Capital and St Congar Land, has acquired a 50% interest in Toad’s Hole Valley, Brighton. The strategic land investment comprises a greenfield site of circa 100 acres, which has allocation for residential use and the potential of providing over 700 homes. The vendors have owned the site since the 1930s and will be jointly collaborating in the land promotion with their remaining 50% interest.
The Toad’s Hole investment builds on Europa Capital’s extensive experience of investing in UK residential land, which since its initial investment in 2010 has resulted in the acquisition of nine sites that represent an aggregate housing provision of 7,300 units to service the continued shortfall in new housing supply within the UK.
Hugo Black, Partner at Europa Capital said: “This provides a great opportunity to acquire the last remaining sizeable greenfield land site capable of providing residential use in Brighton. This acquisition is a continuation of our strategy of investing in UK residential land where we see potential to add value by providing much needed quality housing to the city.”
Source: Europa Capital