Case Studies

Transactions We Have Funded

A selection of completed transactions structured and funded by Reditum Capital, illustrating the range of situations, products, and geographies we have experience in.

Since 2013, Reditum Capital has lent in excess of £500m across 92 transactions — spanning first charge bridging, second charge bridging, mezzanine finance, and preferred equity. The case studies below represent a selection of completed transactions across different product types, asset classes, and geographies.

New Horizons Court
Subordinated Debt
2017
Permitted Development Conversion

New Horizons Court

Brentford, London

A large office campus of approximately 170,000 sq ft in West London with planning consent for conversion to 268 residential apartments under permitted development rights. Reditum structured a mezzanine facility sitting behind senior debt from Maslow Capital, enabling the borrower to proceed with a scheme that qualified for the Government's Help to Buy scheme and attracted significant PRS interest.

Mezzanine Facility
£17.6m
Gross Development Value
£126.4m
Senior Debt
£29.2m
Loan to GDV
65%
Term
24 months
Asset Type
Permitted Development
The Collective
Subordinated Debt
2019
Co-Living Planning & Development

The Collective

Wandsworth, London

A 298-unit co-living scheme in Wandsworth, London, brought forward by The Collective — the UK's leading co-living operator. The site was acquired below market value at £11m against a Day 1 RICS valuation of £16.2m, with a post-planning value of £23m. Reditum provided mezzanine finance behind a senior acquisition loan, structured in two tranches aligned with planning milestones.

Mezzanine Facility
£4.3m
Day 1 Value
£16.2m
Post-Planning Value
£23.0m
LTV (Day 1)
76%
Term
40 months
Asset Type
Co-Living / Residential
Écrin Blanc
Cross-Border
2019
Luxury Hotel Development

Écrin Blanc

Courchevel, France

A four-star, 60-key hotel development in the prestigious Courchevel ski resort in the French Alps, forming part of a 150-key complex also comprising 90 managed residences. Reditum structured mezzanine finance behind a senior lender, with security provided via a fiducie trust structure — a French law mechanism enabling efficient enforcement — alongside a first charge over 15 of the residences.

Mezzanine Facility
€10.3m
Total Value at PC
€40.4m
Value at Stabilisation
€54.1m
Term (Option A)
~18 months
Term (Option B)
48 months
Asset Type
Luxury Hotel
The Zip Building
Operational Asset
2019
Student Accommodation Acquisition & Repositioning

The Zip Building

Leicester, UK

The acquisition of a fully operational 77-bed student accommodation asset adjacent to De Montfort University, Leicester, with a 98.7% historical occupancy rate. The transaction involved replacing the existing operator with Homes for Students — a leading specialist operator — to drive efficiency improvements, increase revenue, and generate a value uplift that would support refinancing within 12 months.

Mezzanine Facility
£3.1m
Value at Year 1
£5.15m
Value at Year 2
£6.32m
Security
Second charge
Term
12 months
Asset Type
Student Accommodation
Fanhams Hall Road
Planning Gain
2019
Residential Land — Planning Gain & Profit Participation

Fanhams Hall Road

Ware, Hertfordshire

Two adjacent parcels of development land in Ware, Hertfordshire, forming part of a local authority-adopted strategic masterplan for approximately 1,500 homes. Reditum provided a second charge loan sitting behind an existing first charge lender, structured in two tranches aligned with planning milestones. The facility included a profit participation arrangement, with Reditum sharing in the uplift upon sale to a national housebuilder.

Facility
£5.0m
Structure
Second charge
Drawdown
2 tranches
Potential Sale Price
£25m (Bellway)
Term
12 months
Asset Type
Residential Land
Quayside West
Planning Gain
2019
Mixed-Use Regeneration — Planning Gain

Quayside West

North East England

A large mixed-use regeneration site of approximately 18 acres in the North East of England, comprising a main development parcel and an adjacent gas holder site. The scheme, promoted by Newby, targeted a hybrid planning permission for 406 units including PRS residential and hotel uses. Reditum co-invested alongside its mezzanine facility, with the transaction also qualifying for a potential Homes for England infrastructure grant of £4.8m.

Mezzanine Facility
£2.17m
Day 1 Value
£7.5m
Post-Planning Value
£9.85m
LTV (Day 1)
77%
Term
30 months
Asset Type
Mixed-Use / Regeneration
Methodist Central Hall
Distressed Asset
2019
Grade II* Listed Building — Distressed Rescue Finance

Methodist Central Hall

Birmingham, UK

A grade II*-listed landmark building in Birmingham city centre, originally completed in 1904 and formerly home to the iconic Que Club. The consented scheme included a 147-bedroom hotel under the Dream Hotels 'Unscripted' brand (its first European venue), three additional storeys, a 75-room apart-hotel, live music venue, rooftop bar, and a gastro hall centred around the building's original organ. When the initial funder withdrew and the project faced administration, Reditum Capital stepped in alongside co-investor Midos Group to rescue the project, reviewing the financial position and business plan to stabilise the situation. The building was subsequently re-marketed to new funders to deliver the consented scheme.

Reditum Exposure
£4.5m
Total Project Value
£35m
Product
Rescue Finance
Asset Type
Listed Mixed-Use
Hotel Operator
Dream Hotels
Location
Corporation Street, Birmingham
BigCity Asprela
Cross-Border
2021
Purpose-Built Student Accommodation — JV Development Finance

BigCity Asprela

Porto, Portugal

A €30m joint venture with BigCity for the development of BigCity Asprela, a 241-bed purpose-built student accommodation facility in Porto's main university district, Asprela, home to approximately 35,000 students. The 12-storey circular building, designed by OODA and built by Teixeira Duarte (one of Iberia's largest contractors), provides 209 studios, 22 twin beds, and 10 premium rooms, operated by CRM Students. The transaction marked Reditum Capital's first entry into Portugal and was driven by a significant supply-demand imbalance in the Portuguese student housing market. The asset was subsequently sold to Stoneshield's Evergreen Student Housing Core+ fund as part of a two-asset Porto portfolio for a total of €50m.

JV Investment
€30m
Exit Price (Portfolio)
€50m
Beds
241
Operator
CRM Students
Asset Type
Purpose-Built Student Accommodation
Market
Portugal (first deal)
Fumbally Lane
Cross-Border
2019
Co-Living Development — First Irish Transaction

Fumbally Lane

Dublin, Ireland

Reditum Capital's first transaction in Ireland, providing €6m (approximately £5.3m) of JV finance in partnership with The Collective — the UK's leading co-living operator — for a new co-living scheme at Fumbally Lane in Dublin's Liberties area. The site benefits from significant regeneration activity in the surrounding neighbourhood and was targeted for opening by end of 2021. This was Reditum's second JV partnership with The Collective, following the Trewint Street scheme in Earlsfield, south-west London, and marked the firm's entry into the Irish market.

Facility
€6m (~£5.3m)
Product
JV Finance
Asset Type
Co-Living
Location
Fumbally Lane, Dublin
Market
Ireland (first deal)
Operator
The Collective
Corton Masterplan Site
Residential Land
2021
Large-Scale Residential Land — Bridging & Refinancing

Corton Masterplan Site

South Ayrshire, Scotland

A 125-acre strategic land site at Corton, South Ayrshire, valued at £18m and forming the majority of a two-part masterplan with outline planning permission for 750 new homes. The site, located near Ayr Hospital on the east side of the A77, also includes consented retail, employment, and community uses aligned with South Ayrshire Council's local development plan. Reditum Lending provided a bridging facility to repay existing finance and fund the acquisition of the second masterplan parcel, with repayment structured through development finance for infrastructure works once legal undertakings with national housebuilders were concluded. Contracted housebuilder values exceeded £45m.

Facility
£10.8m
Site Value
£18m
Product
First Charge Bridge
Planning
Outline (750 homes)
Housebuilder Contracts
£45m+
Asset Type
Strategic Residential Land
Track Record

A Consistent Record of Completing What Others Cannot

The transactions shown above represent a fraction of our completed deal history. Across more than 92 transactions and in excess of £500m lent, our experience spans the full capital stack, multiple asset classes, and jurisdictions across the UK and Continental Europe.

What unites these transactions is not the asset type or the geography — it is the complexity. Each required a lender willing to engage with nuance, move decisively, and structure a solution that conventional finance could not provide.

£500m+
Lent to Date
92+
Transactions
13 Years
Track Record
48hrs
Indicative Terms

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