URBZ Capital and NW1 secure €130m financing facility for IOS to accelerate growth
URBZ Capital and NW1 Partners successfully closed on a €130m financing facility for their IOS portfolio from a major US insurance company and accelerates further growth.
NW1 partnered with URBZ Capital (“URBZ”) in 2023 to launch their Industrial Outdoor Storage (“IOS”) strategy in the Netherlands and have since aggregated a portfolio of 14 assets with a GAV over €100 million. NW1 and URBZ are well capitalised to create a plug-and-play portfolio of IOS assets worth over €400 million.
The recently secured financing facility with a major US insurance company includes a day-1 facility of €30 million with an accordion for an additional €100 million to finance similar IOS properties in the pipeline. The financing will allow NW1 and URBZ to continue building one of the first institutional IOS portfolios in the Netherlands.
David Boyle, Partner and Co-Founder at NW1 said: “We continue to have high conviction in IOS and believe in the institutionalisation of the sector in Continental Europe, as it has in the US. To have closed a large financing facility with a major US insurance company in what we understand to be their first IOS lending in Europe reflects strongly on their conviction in the strategy as well as the NW1 and URBZ sponsorship.”
Ali Nassiri and Bram Verhoeven, Managing Partners and founders at URBZ added: “With strong supply-demand dynamics and an active pipeline of deals, the Netherlands offers a very compelling opportunity to ‘institutionalise’ the IOS sector. Closing the financing illustrates how sophisticated institutional investors are looking to access this growing market. We are well capitalised to execute on our pipeline and as such we expect to see a further increase in activity in the coming period.”
About NW1
Established in 2016, NW1 Partners seeks to access niche opportunities, focused on portfolio roll-up strategies that benefit from compelling local market supply and demand fundamentals, in partnership with expert, emerging local operating partners.
NW1 selectively invests in emerging sub-sectors of the industrial and residential real estate sectors and targets small-cap assets at attractive valuations, deploying efficient and strategic asset management to create added value on behalf of clients. By creating institutional-grade portfolios of scale, NW1 is able to deliver an aggregation premium and improved liquidity at exit.
The firm was founded by industry veterans David Boyle and Brad Beanblossom, with strategic support from Delancey, a leading UK real estate investment management firm. NW1 has offices in London, Chicago and New York.
www.nw1partners.com
About URBZ
Established in 2020, URBZ is a premier real estate boutique specializing in the industrial property sector. With a relentless focus on its foundational pillars, including innovation and shared value, URBZ is dedicated to delivering unparalleled value to its stakeholders through strategic investments and exceptional asset management.
www.urbzcapital.com
