Key Contact: Beverley Jones
Author: Tom Saunderson
Acuity is delighted to have acted as lead legal advisers to Warwick Capital Partners LLP, a London based funds manager, on its investment (as part of its European Opportunities Fund III) in Eden Living, an exciting new Private Rented Sector business focusing on the acquisition and subsequent letting of newly built houses in South Wales and the South West of England. Acuity also advised Eden Living on the acquisition of properties from Edenstone Homes and on its senior banking facilities from Lloyds Banking Group.
Eden Living has partnered with regional homebuilder Edenstone Homes to acquire 400 single-family homes for which Edenstone will provide a ‘ready to move in’ fit and finish. The business will offer two-to-four-bedroom single-family homes in suburban areas. Developments will be located close in proximity to schools, amenities, services, and transport links, with the broader aim of creating local communities.
Shanil Shah, partner at Warwick Capital Partners, explained that “This investment in Eden Living represents our first venture into the Private Rented Sector space. There is increasing demand for new, purpose-built, high-quality housing nationally, and we’re excited to be partnering with Edenstone and Lloyds to bring these homes to families across South Wales and Southwest England.”
Beverley Jones, lead partner for Acuity Law said “This is an excellent opportunity to provide a positive difference to the lives of people within our community who are looking for good quality homes to rent. We are proud to have supported the launch of this exciting business and look forward to continuing to support Eden Living as it looks to embark upon a growth trajectory.”