Investor launches London property fund with £100m fundraising target

Investor launches London property fund with £100m fundraising target


Todays other news
There are some locations offering incentives to British investor buyers...
The market is strong ahead of the April stamp duty...
The PBSA analysis has been undertaken by Knight Frank...
The analysis has been done by Bond Wolfe...


Alpamint Capital and DN Property London Limited, the property investor and operator founded by David Nourani, are collaborating to launch the latter’s second London property fund.

The target is to raise £100 million to provide high-quality residential property in London, ‘facilitating the continued acquisition of strategic sites well-placed for development’.

DN Property London Limited has already acquired a number of key sites across the capital via its first London property fund, with monies raised this time around set to go towards developing this existing portfolio.

The firm also has a range of commercial premises throughout London and says it is committing ‘significant capital investment’ to convert and expand these building into superior high-quality residential units, ranging from co-living/co-working units to hotels and student accommodation.

DN Property London Limited recently revealed proposals for approximately 1,000 residential units across London, located in Edgware, Burnt Oak, Finchley, Hampstead, Totteridge & Whetstone, Brixton, Camberwell, Elephant & Castle, Romford and Dagenham. The units are set to be ready for occupation by mid-2025.

Alpamint Capital, an asset manager and investor in projects focused on maintaining and developing strong assets which produce solid ROIs and outperform industry averages, has developed more than 50,000 sq ft of residential space since 2011. 

“Our first fund saw a successful capital raise of circa £20 million in March last year, money which was used to acquire strategic sites in London,” Nourani, the founder and current chief executive of DN Property London Limited, said. “Our aim is to take this to the next level, building on that success and developing the portfolio.”

He said the company’s experience and presence on the ground leaves them well-placed to realise investors’ ambitions and deliver attractive returns, ‘while also providing the London residential market with quality offerings, supporting local growth and regeneration’.

“Our success to date is based on the ability to acquire strategic landmark sites primed for development and to do so at pace. We have one million square feet of residential development to build out across London, with a GDV upwards of £350 million.”

The partnership with Alpamint Capital was set up by its managing director, Joseph Zekaria, a veteran portfolio director who has developed more than 100,000 sq ft of residential units along with his in-house team.

Zekaria said: “We are delighted to work alongside DN Property London Limited once again in launching this new fund, targeted at institutional and private investors. As we proved with the first London fund, our shared strategy and business model offers investors attractive opportunities for long-term, sustainable capital growth in London.”

Zekaria, who began his career as a strategy consultant at Accenture before qualifying as a corporate finance solicitor at Howard Kennedy, founded Alpamint Capital in 2011.

Nourani, who traded chocolate muffins in the school playground before trading exotic credit derivatives at Deutsche Bank and then joining Goldman Sachs as its youngest property derivatives trader, founded DN Property London Limited last year.

Tags: London

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Even the likes of Croydon is now seeing prime-priced property...
From the ninth floor upwards the flats are open market...
Will Non Doms quit the UK if the government changes...
Spain’s draconian new tax is already spooking British investors...
The Budget has forced a revision of forecasts for the...
Prices and sales volumes will grow in 2025 despite the...
Recommended for you
Latest Features
There are some locations offering incentives to British investor buyers...
The market is strong ahead of the April stamp duty...
Sponsored Content
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here