Yoo Capital Fund II LP secures £30m investment…


The London Fund “the Fund” has committed to invest £30 million in the Yoo Fund, a property fund managed by its general partner which is owned by Yoo Capital Management LLP and Astarte Special Opportunities Platform LP

The Yoo Fund focuses on the redevelopment of existing assets in Greater London. Sectors that Yoo Capital defines as undersupplied or undervalued, such as life sciences, healthcare and creative industries, will be in focus.

This is the London Fund’s second investment. The previous one was Delancey and Oxford Residential’s DOOR SLP platform for building rental accommodation to support the development of new quality housing stock for London.

Shepherd’s Bush regeneration project on the horizon

The 450,000 square foot Shepherd’s Bush Market site aims to be transformed into affordable housing and office space, including incubator space for tech and biotech start-ups and studios.

Existing traders operating in the 107-year-old market will be protected as mandate holders are already secure with 80% of current traders.

Additionally, by building relationships with the local community, Yoo Capital aims to connect with local elementary schools, organize free events for residents, and support the community.

Bringing theater back to the West End

Yoo Capital also aims to use the investment funds to convert the Saville Theatre, a 110,000 square foot Grade II listed cinema, into a theatre.

When it first opened in the 1930s, it was originally a theatre. Yoo Capital is also working with potential theater operators to secure discounted tickets for local residents. Yoo Capital also hopes to include additional floors to create a boutique hotel.

Richard Tomlinson, Chief Investment Officer, Local Pensions Partnership Investments, said: “We are delighted to be working with an experienced team who have invested over £11 billion in private equity investments over 25 years and who maintain relationships strong with the boroughs of London. Through this partnership, we have the opportunity to secure the long-term future of two London landmarks, demonstrating the Fund’s investment strategy to support large-scale regeneration projects that serve local communities, create jobs and provide affordable housing, as well as broader social and environmental benefits. ”

Mike O’Donnell, Managing Director of London CIV, concludes: “As the London Fund’s second investment, I look forward to making further progress in our strategy to deploy capital into long-term, sustainable projects in London that benefit local communities, while offering good financial returns.


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