THE DISCOVERY REPORT - BULLETIN 2017

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THE DISCOVERY REPORT - BULLETIN 2017

Welcome back to the next instalment of the Voltaire Financial bulletin.  We are pleased to return with another snapshot of topical real estate issues, thoughts and commentary from different members of the team and a roundup of recent successes across varying funding structures. To view and download the full report click here

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VOLTAIRE @ MIPIM

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VOLTAIRE @ MIPIM

JANUARY 24, 2017

14-17 March 2017 - Cannes, France

James Thomlinson and Andrew Hosford of Voltaire Financial will be down in Cannes for the 2017 MIPIM property conference from the 14th to the 17th of March.

Please email James (james@voltairefinancial.com) or Andrew (andrew@voltairefinancial.com) directly or contact us on the below details to arrange a meeting for a catch up.

Voltaire Financial focuses on arranging finance for property investors and developers across all asset classes. For further information visit our website at voltairefinancial.com or contact Dorothée Queyroux, James Thomlinson or Andrew Hosford on:

+44 (0) 207 182 1740
or by email at: info@voltairefinancial.com

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VOLTAIRE @ MIPIM

14-18 March 2016 - Cannes, France

James Thomlinson and Andrew Hosford of Voltaire Financial will be down in Cannes for the 2016 MIPIM property conference from the 14th to the 18th of March.

Please email James (james@voltairefinancial.com) or Andrew (andrew@voltairefinancial.com) directly or contact us on the below details to arrange a meeting for a catch up.

Voltaire Financial focuses on arranging finance for property investors and developers across all asset classes. For further information visit our website at voltairefinancial.com or contact Dorothée Queyroux, James Thomlinson or Andrew Hosford on:

+44 (0) 207 182 1740
or by email at: info@voltairefinancial.com

    

 

 

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The Discovery Report- Bulletin 2015

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The Discovery Report- Bulletin 2015

 

Voltaire Financial have the pleasure in presenting our inaugural half yearly bulletin. To view and download the full report click here

 

Sector Focus: The changing face of residential development finance by James Thomlinson

Hand in hand with the move away from super-prime property comes a shift in focus from zone 1 London into zones 2-6 and beyond; within Greater London still represents most lenders’ geographical sweet spot. However a growing number of lenders are prepared to look farther afield and in some cases venture deeply into the regions including the South West and North East.
There is no doubt that sentiment will continue to change during 2016 and in many ways this will be welcomed by the marketplace. The recent announcement that permitted development rights will be extended beyond the current deadline of May 2016 will maintain the fuel for what has been a very feasible type of development. We look forward to seeing what else the new year will bring.

 

Guest Article: Don’t get left in the dark; Problems arising from rights of light by Ian Rowson, Partner Head of Real Estate Freeths LLP London

Until the law is reformed, rights of light are still a topic that need to be treated with extreme care in the context of large-scale development and regeneration schemes in built up areas.  Whilst the Law Commission has put forward certain proposals to significantly reform the law and one of the Judges in the Supreme Court called for reform in the Lawrence Case, a great deal of uncertainty still exists.  In practice, because of the Heaney Case, rights of light are very difficult to obtain title insurance cover for. 
For the time being on large schemes involving public sector bodies, the safest and most practical option appears to be to persuade the local authority to utilise its powers under s237 of the Town & Country Planning Act.

 

Tax Update: A brief guide to annual tax on enveloped dwellings (ATED) by Brian Dunk

Finance Act 2013 introduced a new annual tax on ownership of high value residential property held by non-natural persons.
The tax, known as the annual tax on enveloped dwellings (ATED), applies to residential dwellings owned by companies, partnerships (including limited liability partnerships) where there is a corporate partner and also collective investment vehicles. 

 

Bridging Trends: ‘Bridge to Market’ by Andrew Hosford

There are a number of reasons that property developers need or want to increase the length of their development facility.
Cost overruns, planning enhancements or revised internal layouts and long periods of bad weather to name just a few. Though these factors are clearly not always developer faults and certainly not all negative issues, development lenders are often reluctant to extend their loans regardless.

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Voltaire Special Opportunities

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Voltaire Special Opportunities

Voltaire Financial has established an origination partnership for asset-backed special opportunities with a prominent European investment fund.

The fund provides loans or investments over short and medium terms of typically between £10-50m through a fully discretionary fund vehicle.

Significant flexibility exists to structure facilities appropriately according to the transaction, including development, restructuring and acquisition or growth capital. As an illustration this enables monies to be drawn in stages and interest to be serviced current or rolled up. Up to 100% loan-to-cost may also be available if security over additional assets can be provided.

A £50m facility was closed in May 2015 - the first originated by Voltaire for the fund partner - with a further £95m currently in the pipeline.

All real estate asset classes will be considered including residential, office, industrial, care, social housing, hotel, land and development. Appetite also exists for other hard and financial assets such as invoices, claims and distressed loans.

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Contact
Phone: +44 (0) 207 182 1740
E-mail: info@voltairefinancial.com
Website : www.voltairefinancial.com 

Voltaire Financial LLP 3rd floor Moss House 15-16 Brook's Mews Mayfair, London W1K 4DS

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