About Us
Fund Manager’s Introduction
The SY JESSICA Fund has c.£21m of debt funding available now for real estate projects.
The Fund has a total capital pool of c.£33m.
SY JESSICA: Regeneration through capital redeployment and recycling.
Since its inception in 2013, the Fund has proven itself a significant tool in the development of the Sheffield City Region, providing funding for solid, viable schemes in a difficult development market.
For every £1 of SY JESSICA funding, more than £1.50 of private capital has been leveraged for the region.
Through its flexible approach, SY JESSICA has brought about the development of schemes that are not able to attract other funding in the current constrained environment and has supported the development of employment space when traditional sources are only able to support very narrow sectors with very specific hurdle requirements.
The Fund, working closely with our public sector partners, has unlocked private sector capital, including bank debt and property company equity that would not otherwise have been invested in the region.
Since the Fund’s inception, assets totalling £188m of value have been enabled using SY JESSICA and associated funding, through recycling of capital. This has drawn in and leveraged more than £84m of private-sector capital, much of which would not be invested in the region without the Fund’s flexible investment approach.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
CBRE Indirect Investment Services Limited (CBRE IISL), the FSA regulated arm of the CBRE Real Estate Finance division, is acting as Fund Manager to the Fund.
SY Fund Capital
European Regional Development Fund
The Sheffield City Region Urban Development Fund (South Yorkshire JESSICA) was part financed by the European Regional Development Fund as part of the Yorkshire and Humber Regional Competitiveness and Employment Programme 2007 to 2013. The Fund has now ‘recycled’ its original ERDF funding so that it is no longer considered part of an European Programme.
Growing Places Fund
The Growing Places Fund was funding from national Government vested to the LEPs across the country. Sheffield City Council is the Accountable Body for the Growing Places Fund in the region. The Fund has now ‘recycled’ its original GPF funding so that it is no longer considered part of the national Programme.
Andrew Antoniades
Fund Advisor - Executive Director
Andrew established and leads CBRE’s Lending platform within the Investment Advisory service line. He specialises in enabling investors to deploy their capital as debt, establishing specific lending strategies for them, then structuring and managing loans on their behalf.
T: +44 207 182 2587
William Church
Fund Advisor – Senior Director
William has been involved with the Northern Ireland Investment Fund from its inception. William specialises in linking public and private funding to create results for Borrowers and the Public Sector alike.
T: +44 207 182 2867
Rob Cuthbertson
Fund Advisor - Associate Director
Rob is responsible for underwriting SCR JESSICA loans and reporting progress to the Board.
M: +44 7810 055 954
The Fund Advisor
The fund is advised by CBRE Investment Advisory team. CBRE is a leading real estate advisory firm. CBRE’s role is to source and evaluate potential investments for the fund, as well as manage and monitor the developments over the investment life-cycle. For more information about CBRE, please visit the CBRE website.
CBRE IISL is a regulated arm of CBRE
