£1bn property partnership amid housing slowdown


Up to £1 billion will be invested in new UK property developments following a recent acquisition – amid a housing slowdown hampering construction output. 

The River Thames next to the City of London.
by Rory ButlerJanuary 16, 2023

Canadian property investor QuadReal Property Group has acquired an interest in UK property finance specialist Precede Capital Partners, formerly Précis Capital Partners. 

As part of the deal, QuadReal will commit up to £1 billion to Precede’s UK development loans. 

The sector saw stagnation at the end of 2022, with home-building hit hard by rising borrowing costs. 

Construction output showed 0.0% growth in November, according to the Office for National Statistics (ONS), with private new housing down 4.8%. 

Since its launch in March 2021, Precede has financed the construction of residential properties in the UK to the tune of £1.5 billion, including the One Nine Elms development in London.   

It expects to secure more than £3 billion of loans with the new investment.  


  • Greenburg Traurig   
  • JLL Corporate Finance 
  • Kirkland & Ellis 
  • Deloitte  
  • Mourant Ozannes 
  • Goodwin Proctor 
  • PricewaterhouseCoopers 


  • Assets under management = CAN$67.1 billion 
  • Real estate debt assets = CAN$10 billion 

TowerBrook, Precede’s founding shareholder, retains a significant interest following the acquisition. 

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