Mera Investment Management expands credit line by £150m
By Tara SammonsMera Investment Management plans to invest £150m to fund £250m in UK real estate over the next 18 months.
The firm claimed that the government’s approach to non-dom tax status has led to more prime real estate opportunities, while the US election may also boost demand for high-value properties.
Jan Fletcher OBE, chairman at Mera (pictured above, right), commented: “On a macro level we’re already seeing opportunities from an exodus of high-net-worth-individuals, who are leaving the UK in favour of more attractive tax regimes.
“As a result, a number of high value single assets, portfolios and development opportunities are coming on to the market and the team has never been busier.”
Edward Matthews, CEO at Mera (pictured above, left), added: “With our new substantial funding lines Mera Investment Management is poised to take full advantage of these new opportunities and, crucially, to move at speed.
“We are anticipating loans sizes of between £10m and £30m and with the current significant pipeline of potential deals, we expect to deploy £150m within the next 18 months.”
Keywords: Mera Investment Management, £150 million, UK real estate, investment, high-net-worth individuals, tax regimes, single assets, portfolios, development opportunities, funding lines, loan sizes, deployment