Development finance for Tavis House Business Park, Haddenham

Adding value through the development cycle.

In December 2018, we advised Tavis House Properties on securing funding for the acquisition and construction of a new build multi-let industrial project located in Haddenham, Bucks.

The project consists of a 5 acre site with a business plan to construct of 20 industrial units ranging in size of between 2,000 sq ft and 10,000 sq ft, with a warehouse floor space of over 77,000 sq ft in total.

The Principals of Charles Irvine were so impressed with the track record of Tavis House Properties in completing construction on time and on budget that they agreed to invest in the project equity alongside the client.

During the construction process, Charles Irvine further assisted on this project by securing a Coronavirus Business interruption Loan (CBIL) which resulted in the overall cost of capital being significantly reduced across the structure as a whole. In addition, we provided asset management services through the marketing phase and just five months after practical completion of the building, 18 units out of the estate total of 20 units were reserved by occupiers, with a mix of lettings and owner-occupier sales.