Connect with us

Top Stories

Teddy Sagi’s Business Moves Into Mezzanine Financing  

Published

on

Teddy Sagi’s Business Moves Into Mezzanine Financing  
  • £3.8 MILLION DEAL KICKS OFF GLOBE INVEST’S NEW LENDING OFFER 
  • GLOBE INVEST TO TARGET PROPERTY OWNERS LOOKING TO FUND SMART BUILDINGS AND COMMUNITIES 
  • TEDDY SAGI SAYS “WE HAVE WITHIN OUR BUSINESS AND AFFILIATE ENTITIES WELL FUNDED PROPERTY AND TECHNOLOGY COMPANIES. IT MAKES GOOD SENSE FOR US TO OFFER NICHE FUNDING TO COMPANIES WHICH SHARE A SIMLIAR VISION AND STRATEGY WITH US”

Globe Invest Limited, the family office of the self-made entrepreneur, Teddy Sagi, has announced its move into mezzanine financing with the provision of a £3.8 million loan to a private investor to help secure the purchase of a 14,500 sq ft office building in Newman Street, London.

This is a new departure for Teddy Sagi’s business, following the establishment of his family office and the strategic decision made end of 2016 to fully diversify his investments.Globe Invest comments: “We believe this project will have an impact on helping the area maintain its character and edge. Our business and affiliate entities are well positioned to support not only the funding requirements needed by developers to reconfigure their office and residential projects but also to assist via our affiliate technology companies state of the art procurement and ‘smart building’ capabilities”.

One of the main investments of Teddy’s Sagi family is Labtech Investments, a multi-billion property and technology company. LabTech continues to build urban communities across London, providing co-working, living, events, food and entertainment. Enabled by technology and powered by people, LabTech allows large communities to collaborate effectively, sharing resources including technology, infrastructure, cultural facilities and ideas. Labtech owns Camden Market, Sicilian Avenue and a host of other iconic real estate assets.

Topland Group provided the senior debt for the £14.5 million acquisition and Saranac Partners acted as an advisor for the transaction.

Tom Betts, Head of Structured Finance at Topland Group, adds, “Topland’s Structured Finance team has once again performed within tight time constraints and provided another stretched loan for a core London asset. This brings our total lending to over £1.15 billion”.

Teddy Sagi is known as a visionary in the property and technology space.  Globe Invest Limited is his family office which was established in October 2016. The office consists of a team of expert advisors who manage the interests and investments of the principal and whose job is to preserve the principal’s wealth and legacy.

Globe Invest also now provides selective niche financing arrangements for projects matching its principal wider vision and strategy.

Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now

Newsletters with Secrets & Analysis. Subscribe Now

Newsletters with Secrets & Analysis. Subscribe Now