The English Residential Land Partnership (ERLP sarl), the Joint Venture between funds advised by Europa Capital and St Congar Land, has completed the purchase of two new sites at Saunderton near High Wycombe and Bitton, near Bath.ERLP sarl has acquired the Bitton Paper Mill Site in Bitton close to Bath for £3.7 million from the Stronach Group. The site extends to around 17 acres of which 10 acres were previously used for a variety of industrial uses. The Local Authority has produced a Vision Statement for the site which supports the principle of residential-led mixed use on the site. ERLP sarl has also acquired the former Molins cigarette machinery factory near High Wycombe from e-Shelter for £7 million, a site of 50 acres of which 25 acres has previously been developed.The English Residential Land Partnership sarl was created to acquire and promote residential and mixed use land predominantly across Southern England. It purchases land at various stages in the planning process and will look to further the planning status in order to maximise value. The Joint Venture owns land with the potential for over 2,000 plots.Steve Taylor, Partner of St Congar Land, said “The redevelopment of these redundant brownfield sites for residential use accords fully with the principles and aims of the National Planning Policy Framework in promoting the sustainable re-use of previously developed sites.”Hugo Black of Europa Capital said “We are delighted that the English Residential Land Partnership has undertaken these transactions and look forward to it progressing similar land opportunities.”ERLP sarl was advised on the purchase by EPS and Bray Fox Smith. Colliers International advised Stronach Group and GVA Grimley advised e-shelter.
For further information please contact:Gordon Simpson/Charlotte Whitley, RLM Finsbury: + 44 20 7251 3801Jason Oram, Partner, Europa Capital Partners: +44 02 7881 6822Steve Taylor, St Congar Land +44 20 7467 3698
Since 1995, Europa Capital’s Principals have collectively raised 7 real estate funds and committed to over 80 transactions totaling some €8.0 billion across 18 European countries.
The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Further information can be found at www.europacapital.com.
Europa Capital is a member of The Rockefeller Group (“RGI”). RGI is a strategic investor alongside Management. Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.