Ahli United Bank (AUB) has announced a subscription of more than £20 million for a new investment fund ‘Prime London Residential Development Fund II’ which is operated by Savills Investment Management.
Thus, the fund’s total equity was raised for to over £80 million for investment in greater London residential development opportunities, in line with Savills IM anticipation of exceeding the fund’s £100 million equity target by the end of February 2016.
The fund has recently invested £50 million in developments in Croydon, Woolwich, Golders Green, and Earlsfield, with a gross development value in excess of circa £200 million.
