ASK unlocked £45m in real estate investment liquidity for private clients

The specialist property lender has developed its own digital private wealth platform for high-net-worth investors.  

ASK Partners have recently announced that £45m invested in commercial and residential real estate debt has been exchanged via its secondary market platform.

white and red wooden house beside grey framed magnifying glass

The platform, according to ASK, is currently used by an exclusive network of individuals and family offices to invest in commercial and residential property loans originated by the organisations specialist lending team.

People involved with the platform, also have the option to exist via a secondary market and this exchange function has now facilitated 174 transactions between ASK’s private client investors on loans provided for commercial and residential real estate across the UK.

Against this backdrop, experts have found that 71% of the loans provided went to covering planning costs associated with the real estate projects, with the largest property type being mixed-use/life-science projects (24%).

Following closely behind were mixed use residential buildings as 23% of loans provided went into these schemes.

Mark Templeman, CIO at ASK, commented: ‘Reaching over £45m in exchanges is evident of the growing number of investors looking for the greater choice, flexibility, and liquidity which our private wealth platform can provide.  

‘ASK’s investment in technology aims to reshape the market, challenging traditional fund managers and operators, and fostering evolution in property finance and private investment sectors.

‘We are committed to developing our own digital platform to meet the rising demand from high-net-worth investors for a best-in-class service and the ability to fully manage their own portfolio in one place online.’

From the research, regionally, London came out on top of the list for investment opportunities (85%), however, in a shocking turn of events, the Midlands was found to represent 5% of all secondary transactions.

Image: Tierra Mallorca

More on this topic:

Opinion: Real estate debt investing can address planning issues and boost construction

Aldi creates ‘centralised’ real estate team to power a store expansion spree


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