Imperial Corporate Capital PLC has concluded its first limited partnership offering after repaying all investors with interest.
The property developer launched the £5.6mln 'London Delta' offering in 2016 to raise funds to acquire projects surrounding the Elizabeth train line in London, where management saw the potential to buy sites with substantial gross development value potential.
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ICC said that since launch the limited partnership has enjoyed good growth, with several sites acquired with some of the best returns available in the current market.
Despite the COVID-19 pandemic, investors have continued to be repaid and progress made with local authorities to obtain planning permission for the sites, the company added.
“I’d like to thank our investors for supporting and believing in us even during these difficult times. With the UK now coming out of lockdown and the UK housing market as strong as ever, we are confident 2021 will be a great year for ICC and the real estate development market as a whole,” said associate director Adam Connolly.