The Royal Bank of Scotland has teamed up with regeneration specialist Coplan Estates to focus on mixed use developments in the South East.
The 50:50 joint venture will target development projects ranging from £10m-£150m.
Coplan would not comment on the amount of capital that RBS was putting in the venture, but said it would provide a mixture of senior debt, mezzanine finance and equity.
Paul Stanley, a director of Coplan, said: “We have one major deal in the pipeline and are actively looking for new opportunities.”
The jv will focus on the retail, residential and medical sectors.
Liam Fennell, a director at RBS, said: “Coplan brings hands-on experience, with a track record of delivering mixed use developments.”
Coplan was last year chosen for an £18m mixed use scheme in Bedford.
The company was set up by St Modwen Properties’ former London head Nick Doyle last year.
