£90m Silverstone leisure scheme takes a step closer

A £90m mixed-use scheme at the Silverstone race circuit in Northamptonshire has taken a significant step forward after real estate lender Unbranded Finance closed a new revolving credit facility with Escapade Silverstone.

The development, which is set to open in Spring 2024, and is already over 85% sold, comprises 60 homes and a trackside clubhouse. The scheme also includes a swimming pool, sauna, driver-focused gym, restaurant and roof terrace.

Escapade was advised in the transaction by London-based residential and hospitality financing experts, RCP Finance, which was also responsible for arranging the construction financing for another recently completed development at Silverstone.

Unbranded co-founder, Oliver Holt, said: “Escapade Silverstone is an ambitious, creative and original concept which has proven to be highly successful. With construction now 70% completed, and only a few properties remaining, it demonstrates the huge demand for this motorsport centric ownership and investment opportunity. We were immediately impressed with Will Tindall and the wider Escapade team’s vision and execution of this exciting project. Unbranded remains committed to providing funding for best-in-class borrowers with high quality property assets like Escapade Silverstone.

Will Tindall, founder and CEO of Escapade, said: “The Unbranded team have personal interests in motorsport, deep knowledge of the hospitality sector, and a strong understanding of the project requirements. They have proven to be a highly flexible partner, quick to respond, and a pleasure to deal with at each stage. We have now sold over 85% of the properties and are nearing construction completion. We’re looking forward opening in Spring 2024 and being able to work with Unbranded on our future projects”.

Christopher Khoi, managing director of RCP Finance, said: “I’m thrilled to have teamed up with the Unbranded team and the dynamic Will Tindall at Escapade to put together this financing solution. We can proudly announce that this is our second successful transaction at the racetrack. We are looking forward to closing more hospitality and lifestyle related financing transactions across the UK, Europe and overseas.”