The target is to raise £100m, with the intention to provide high-quality residential properties in London.
DN Capital has partnered with Alpamint Capital to launch its second London property fund.
The target is to raise £100m, with the intention to provide high-quality residential properties in London.
Furthermore, monies raised this time around will also go towards developing this existing portfolio.
DN Capital has said it plans for circa 1,000 residential units across London, in Edgware, Burnt Oak, Finchley, Hampstead, Totteridge & Whetstone, Brixton, Camberwell, Elephant & Castle, Romford and Dagenham, ready for occupation by mid-2025.
David Nourani, founder and chief executive of DN Capital, said: “Our first fund saw a successful capital raise of circa £20m in March last year, money which was used to acquire strategic sites in London.
“Our experience and presence on the ground leaves us well-placed to realise investors’ ambitions and deliver attractive returns, while also providing the London residential market with quality offerings, supporting local growth and regeneration.
“Our success to date is based on the ability to acquire strategic landmark sites primed for development and to do so at pace. We have one million square feet of residential development to build out across London, with a GDV upwards of £350m.”
