Capita’s debt advisory division appoints director

Capita Real Estate Finance has appointed Niall Brown as director to support its growing client base.

Capita Real Estate Finance has appointed Niall Brown as director to support its growing client base.

Brown has joined the property debt advisory division of Capita Asset Services from Laxfield Capital, where he sourced finance for the firm’s origination mandates.

Prior to Laxfield, Brown spent more than six years at Lloyds Bank, most recently as an associate director in the institutional corporate real estate team.

In his new role, Brown will use his expertise and experience in the real estate and capital markets to source and deliver property finance for investors and developers.

Since Capita Real Estate Finance was formed in March 2015, the firm’s total transaction volumes on deals completed in the UK and Europe stand at €440 million. The firm has advised on investment and development deals for assets in sectors including offices, hotels, leisure and residential.

So far this year, the group has sourced finance for a variety of assets including a historic building overlooking the Mall in central London, for which long-term fixed-rate financing was secured, and a pre-planning residential development site, against which it sourced a 75 percent loan-to-value ratio loan.

“I believe there is a huge opportunity to continue the growth in the platform as Capita is now uniquely placed to enable clients to establish strong relationships with lenders across Europe,” Brown said.

Capita Real Estate Finance operates mainly in the UK and Germany. James Wright, head of real estate finance, told Real Estate Capital recently that the firm is open to exploring new markets, with Ireland and Amsterdam being “obvious opportunities” due to an increased presence of Capita Asset Services.

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