Intertrust and Collas Crill have assisted Riverside Capital with the purchase of 197-205 City Road, east London, a mixed-use asset in the capital’s Tech City. The property will be held by the fifth cell of the flagship protected cell company, Riverside Capital PCC.
Riverside Capital is an FCA authorised and regulated full-service property investment company, providing a platform for investors around the world to access and invest in the UK commercial property market.
The former Victorian warehouse – known as the Old Street Works – attracted significant demand from Riverside Capital’s private client base, which acquired the asset after a six-week capital raise period for £27.5m.
A total of £16.2m in investor equity was invested, with the debt element being provided by Lloyds Banking Group.
The Old Street Works cell of Riverside Capital PCC was established as a Guernsey domiciled, closed-ended authorised scheme.
Intertrust assisted Riverside Capital with the acquisition, led by Andrew Maiden, Director of the Intertrust fund services team in Guernsey.