ASK Vanburgh Court

The private debt opportunity

Connection Capital clients have invested £2.3m, as part of an £8.3m secured loan, to fund the development of a new 117-home residential property. The property, Vanburgh Court, is located in a prime commuter location in central Slough and will offer a mixture of reasonably priced but well-specified studio, one and two-bedroom apartments with communal landscaped areas.  

This was a popular alternative investment opportunity with 44 Connection Capital clients providing the funding in a matter of weeks. Clients were attracted by the location of the property, backing an experienced developer with the site almost complete and over a third of the units already sold. Significant downside protection was provided through a third party valuation.

Progress

The CC client investment was redeemed in full in March 2020, ahead of the original redemption date, providing net returns to clients of c1.2x.