Investec Bank plc (Investec) announces that its Real Estate team has provided Applegate Homes, the luxury property developer, with a c. €13.7m facility to fund the development of a super-prime residential property on the world-famous Wentworth Estate in Surrey.
Due to complete in July 2026, Chanray is a 1737m2, seven-bedroom luxury property with an underground car garage, an indoor pool, gym and spa facilities, a cinema, club room and bar, a library as well as staff living space.
Chanray will be built to optimise energy efficiency, with heating primarily provided by a specially- designed Air Source Heat Pump. The property will be constructed according to the latest building standards and technologies, such as advanced heating and cooling systems, energy-efficient windows and insulation to help lower the building’s carbon footprint.
First developed in the early 20th Century, the exclusive Wentworth Estate is one of Europe’s most distinguished residential enclaves, centred around the Wentworth Golf and Country Club, one of the UK’s most exclusive leisure facilities.
Ian Burdett at Investec, commented: “Despite the turbulence caused by the Budget and shifting post-pandemic home ownership patterns, London and the surrounding area have retained their status as the top global destination for ultra-high-net-worth individuals looking to grow their residential portfolio, attracted by a world-class education system, legal framework, cultural offering and time zone advantages. Applegate Homes’ impressive track record in this space aligns with our own through the property cycle experience in what is ultimately a long-term investment play. We look forward to growing the relationship while also introducing them to the wider Investec Bank.”
Lee Simon at Applegate Homes, added: “We are looking forward to working with Investec who are our new investment partners. They are an extremely professional and experienced operator in the high-end residential property market which is one of the main reasons we have chosen them as our new partner.”
Image source - Multi Corporation.
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