We have consistently advised clients to participate in office development fundings, provided the market cycles and property fundamentals are right. Undertaking developments has provided our clients with opportunities to assemble state of the art, brand new and top quality assets that would not have been possible otherwise. In the right market conditions, such investments can perform spectacularly for clients.

Our track record speaks for itself, having been involved with some of London's best schemes in prime locations including One Curzon Street, one of Mayfair's finest office buildings, and the headquarters of Linklaters, JP Morgan Chase and Slaughter & May in the City. The most recent examples include advising DIFA on their joint venture with Morley of the next office phase at Paddington Central, the pre let funding of Legal & General's new HQ in the City and the obtaining of planning permission for the c. 1 million sq ft Bishopsgate Tower, which will be the City's largest and highest tower.

The ability to structure often complex development funding transactions in such a way as to both incentivise the developer but protect the Fund against risk, is key. No two development funding agreements are the same and whilst the returns have proved very worthwhile, the time involvement and resources required are significant.

Following the structuring of the transaction and initial due diligence, we remain involved so as to monitor the technical progress, provide strategic advice so as to add value wherever possible, and oversee lettings. This can mean close involvement over several years to help ensure the highest quality investment product is finally delivered.

Our extensive contacts with developers, particularly across the Central London markets, allow us to access prime development opportunities and our track record provides comfort that we and our clients will deliver.