Nottingham-based Fiducia Group, headed by Scott Davidson, has secured a £100m funding package from Development Securities for a five-year development programme.
Two Fiducia companies, mixed-use developer Henry Davidson Developments and industrial specialist Eden Park Developments, will use the mix of equity and debt to bolster the group’s portfolio of neighbourhood centres, Town Centre developments, offices and warehouses.
Development Securities director, Matthew Weiner, said: ‘Their pipeline of projects is impressive and we are pleased to have already contributed to the funding of two schemes.’
The first development sites, bought for just less than £10m, are in Preston and Milton Keynes.
In Preston Eden Park, headed by Paul Cross, has purchased a £50m, 871,000 sq ft mixed use site on a former British Aerospace site at Buckshaw village near Preston. In Milton Keynes
Henry Davidson has bought a 20,000 sq ft neighbourhood centre site at Oxley Park, Milton Keynes.