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ARTICLE · 21 APRIL 2021

Maples Advises Apache Capital On Glasgow Build-To-Rent Joint Venture

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The Maples Group, through its leading international law firm, Maples and Calder, advises global...

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Maples and Calder, the Maples Group's law firm, is pleased to have advised Apache Capital Partners ("Apache Capital") on the Jersey legal aspects of the debt and equity funding of its build-to-rent...

JerseyFinance and Banking
Mark Crichton
Mark Crichton
John Burns
John Burns
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Maples and Calder, the Maples Group's law firm, is pleased to have advised Apache Capital Partners ("Apache Capital") on the Jersey legal aspects of the debt and equity funding of its build-to-rent ("BTR") joint venture development in Glasgow. 

Apache Capital and its development partner, Moda Living, purchased the Glasgow site in 2016. The scheme, known as Holland Park, will see the former Strathclyde police headquarters replaced with 433 homes for rent with an expected completion date in 2023.

Notably, this development is the fifth project funded by the BTR joint venture between Apache Capital and Harrison Street, with equity also being provided by NFU Mutual. In addition, debt funding is being provided by BentallGreenOak.  Other sites being funded by the joint venture include The Lexington in Liverpool, The Mercian in Birmingham, New York Square in Leeds, and Springside in Edinburgh, representing a total of 2,322 homes.

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