Maslow Capital and M&G announce agreement to unlock financing for UK real estate developers

Specialist real estate development finance provider Maslow Capital and M&G Investments, a leading international asset manager, today announce a funding agreement that will provide loans to UK real estate developers.

Under the terms of the partnership, funds managed by M&G will benefit from Maslow’s specialist construction underwriting knowledge and UK wide relationships by investing in loans managed and originated by the Maslow platform. Consistent with existing portfolios run by Maslow, the lending strategy will focus on the delivery of residential, Purpose Built Student Accommodation, Build-to-Rent, Private Residential Sector, co-living, retirement living and aparthotel developments.

Maslow Capital’s long-standing and continuing partnership with Sixth Street, a leading global investment business with over $47 billion in assets under management, coupled with the new M&G mandate will enable Maslow to build even further on its strong foundations and its mission to deliver much needed housing across the UK.

“Access to institutional capital is essential for small and medium-sized businesses to develop much-needed housing in the UK. Maslow Capital has a strong track record of working with developers and this agreement should allow our pension fund and institutional clients to benefit from their expertise by way of attractive returns.”William Nicoll, CIO, Private & Alternative Assets, M&G

“This transaction is a significant milestone on the Maslow journey and adds further depth to our funding capabilities. The addition of M&G as a partner will complement our existing relationship with Sixth Street which is about to enter its 6th year.” Marc Rose, Chairman & Co-Founder of Maslow Capital

“We are committed to supporting UK real estate developers through the cycles and managing long dated capital for M&G and Sixth Street allows us to be the kind of patient, flexible and supportive lender that borrowers need.”Ellis Sher, CEO & Co-Founder of Maslow Capital

Notes to Editors

M&G will finance whole loans up to £20m

Sixth Street will finance whole loans over £20m

For more information, please contact:

Richard Wojcik | T: +44 (0) 7584 257 804 | E: richard.wojcik@maslowcapital.com

Irene Chambers | T: +44 (0)7825 696 815 | E: Irene.Chambers@mandg.co.uk

About Maslow Capital

Founded in 2009, Maslow Capital is a leading provider of real estate development finance, offering flexible funding solutions for professional developers undertaking a range of schemes across the UK. Since inception, Maslow has originated, managed and financed in excess of £3 billion of developments, delivering 11,750 units across 8 million square feet.

For more information, please visit: https://maslowcapital.com/

About M&G Investments

M&G Investments is part of M&G plc, a savings and investment business which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager.  M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has £339 billion of assets under management (as at 30 June 2020). M&G plc has over 5 million customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members.

For nearly nine decades M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. Its investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate.

M&G recognises the importance of responsible investing and is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and is a member of the Climate Bonds Initiative Partners Programme.

M&G plc has committed to achieve net zero carbon emissions on its total book of assets under management and administration by 2050 and committed to reduce operational carbon emissions as a corporate entity to net zero by 2030.

For more information, please visit: https://global.mandg.com/

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