UK investors Topland Group and Urban Exposure have acquired a 1.4-hectare site adjacent to the world-famous Wentworth golf course in Surrey.
UK investors Topland Group and Urban Exposure have acquired a 1.4-hectare site adjacent to the world-famous Wentworth golf course in Surrey.
Full planning consent has been granted for a new 2,300 m2 mansion on the site of Dawn Hill on Wentworth Estate. The new mansion will have 11 bedrooms, three reception rooms, gym, swimming pool, spa, and cinema room. It will also feature a lift, garaging for four cars and staff accommodation.
The joint venture plans to develop the site and bring the house to market in some 24 months at a predicted gross development value (GDV) in excess of £30 mln (€35.5 mln).
Tom Betts, director of Topland said: 'This acquisition is an exciting addition to Topland’s already significant interests in the residential space. It also highlights Topland’s appetite to transact across the different mediums - direct investment, lending and in this case well-structured joint ventures'.
Topland Group is one of the largest privately-owned investment groups in the UK, with £4 bn of assets. Its UK real estate portfolio includes City of London offices, hotels, high street retail units and distribution warehouses. The group continues to invest in UK and Europe and to diversify its interests.
Topland’s established lending programme targets reputable property developers, funding transactions between £5 mln and £100 mln in Central London and the surrounding area.
Urban Exposure is a property finance and investment company. The company recently originated, arranged and co-funded with Topland Group and LaSalle Investment Management a £130 mln mixed-use scheme in Greenwich.
