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Private investment company to fund £48.2 million Middlesbrough development scheme

Private investment company, Osprey Equity Partners, has agreed to forward fund a £48.2 million deal to develop a supermarket-led scheme in Middlesbrough.

Over the last 20 years Osprey have transacted over £2 billion worth of commercial property assets, focussing on delivering risk-adjusted returns for private ad family office investors.

The company, which is backed by the LJ Group, will fund the 125,000 sq ft Sainsbury’s shop, petrol filling station and 3,650 sq ft KFC restaurant in Middlesbrough.

It will be developed by Terrace Hill, part of Urban and Civic plc, who were advised by Knight Frank.

The project equity has been funded by Osprey’s family office investors whilst debt finance has been provided by the Royal Bank of Scotland.

Co-founder of Osprey, John White, said: “The Sainsbury’s provides secure, long-dated RPI income for our family office investors.”

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