Orchard Street UK Special Situations Fund secures £100m facility from RBS

Orchard Street Investment Management LLP, a leading UK specialist commercial property investment manager, today announces that it has secured a £100m facility with The Royal Bank of Scotland (RBS), Real Estate Finance Group for its UK Special Situations Fund. The Fund, which was launched on 10 March 2008 with £100m of equity already subscribed, is aiming to invest in up to 15 assets in the UK commercial property market over the next few years.

Orchard Street recruited Barney Rowe from Goodman in August this year as Fund Manager of its UK Special Situations Fund.

Chris Bartram, Chairman of Orchard Street Investment Management, said:

“We are delighted to have secured this facility with RBS for our UK Special Situations Fund. In securing this hunting capacity, we believe that we can be very active in pursuit of the exciting investment opportunities presented by the current market. We are looking at all sectors of the commercial property market and have an appetite to invest over the next few months in a market where we are seeing real value.”

Suzanne Avery, Managing Director of The Royal Bank of Scotland, Real Estate Finance Group, said:

“We have known the management team for a number of years and are delighted to be supporting Orchard Street Investment Management in this exciting new venture.”