The £1.2bn comprised £524m of investment finance and £472m of development finance, with a slight weighting towards commercial real estate (55%). 

Investec revealed it has lent against real estate schemes including residential for sale, Build to Rent, mid box logistics, purpose built student accommodation (PBSA), office, mixed use and retirement living. 

During the period, Investec closed £400m of residential for sale and Build to Rent lending, including arranging a record £170m investment loan for Greystar’s Sailmaker’s Build to Rent scheme and a first modular construction deal.

It also provided more than £500m of financing, across 60 loans, which was more than double compared to 2020/21. 

Of the new loans, 30% were to new clients, with the remainder to established clients on repeat business. 

Investec reported that the majority of new lending was in London and the South East, targeted at residential development finance but also supported investment clients on both residential and commercial loans. 

The lender also coordinated more than £208m of syndicated real estate debt finance. 

This included arranging £85m of the abovementioned Buy to Rent loan and selling down a third of a PBSA facility to Leumi UK, the London-based subsidiary of one of Israel’s largest banks, as well as providing syndicated financings for our Offshore Real Estate clients. Overall, Investec has syndicated nearly £600m.

Meanwhile, it reported that its average loan size during the period was £14m, up from £8m last year. 

Commenting on the latest figures, Investec head of real estate Mark Bladon says: “Originating £1.2bn of committed finance across our three client segments of corporates, private clients and offshore is a phenomenal achievement.”

“Whilst we will exercise caution in the face of a higher inflation and interest rate environment, we expect structural undersupply in almost every sub sector and supportive demographic trends to drive increasing demand,” Bladon adds.