Fizzy Living is our market rent business. Click here to visit the Fizzy Living website.
London and the South East needs homes for the “rentysomething” generation – young people who are shut out of the housing market, and either live with their parents, share with friends or commute for hours. Fizzy provides good quality, well managed accommodation in places where people can commute easily. It has a sound business strategy, and uses our expertise to generate profits which we reinvest to help achieve our social aims.
We originally invested £30M to seed fund a significant property portfolio in London and the South East. In 2013, we took on £40M debt financing from Macquarie Capital, who assisted with finding a suitable institutional investor. In 2014, Silver Arrow, an investment entity ultimately owned by the Abu Dhabi Investment Authority (ADIA) made a capital commitment of £200M. This enabled significant growth in the Fizzy business.
Launched in early 2012, Fizzy now has nine sites: Canning Town, Epsom, Poplar, Stepney Green, Lewisham, Finchley, Canning Town, Silvertown Way and Hayes. Fizzy will continue to purchase new buildings from developers, as well as undertaking the development of its own apartment buildings.
If you want to find out more about existing Fizzy developments, please visit the Fizzy website.