Amazon Property has set up a £250m fund to invest in joint ventures through Amazon Capital.
The London-based investor-developer said it would invest in joint venture opportunities in the logistics, managed offices, PBSA, life sciences and retirement sectors.
Amazon Capital has committed £100m of equity and debt/bank funding, to raise the £250m which will be used to provide private equity funding to joint venture partners, development managers and asset managers.
The firm, run by chief executive Charles Gourgey and chief operating officer Chris Lanitis, has delivered around 80 mixed-use developments, including The Hempel Collection with British Land, Park Crescent and The Soho Works Estate. It has acquired over 3m sq ft of development and investment assets over its 25-year life span and has entered the care/retirement sector under Amazon Care.
Lanitis, who is also the founder of Amazon Capital, said: “We offer long-term support, flexibility, innovation together with streamlined and fast decision making. We have committed £250m of fresh funding and are seeking new joint venture opportunities across London and the UK with other talented entrepreneurs and sector leaders.”
In logistics, Amazon Capital will focus on funding or entering joint ventures of between £5m and £30m investment value for acquiring or developing second-generation estates of five to 20 acres, typically providing 200,000 sq ft to 500,000 sq ft of warehouses.
Amazon Capital has previously funded the acquisition of the 17-acre Sirdar Business Park in Wakefield, and the six-acre Moss Electrical Estate in Dartford. Most recently it bought a 210,000 sq ft single-let warehouse at Wakefield 41 Industrial Park.
In the managed-offices market, the company wants to buy landmark office buildings for between £5m and £50m in central London, Greater London and the home counties, much like the the Conran Building it recently bought in Shad Thames.
It also plans to provide funding to buy PBSA sites without planning, providing between 300 and 500 beds, in key university centres.
The company wants to partner with life sciences companies in medical research hubs such as Cambridge, Oxford, Stevenage and London. It will provide funding for real estate infrastructure including laboratories, R&D plants, medical manufacturing plants, medical warehousing and scientist office spaces.
Amazon Capital also wants to develop a collection of care homes of between 25,000 sq ft to 70,000 sq ft in size, providing 25 to 150 suites. Amazon Care is currently developing a fifth central London site in Belgravia under the Loveday brand, and is in the process of acquiring a number of sites in zones 2 and 3.
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