Falco’s multi-asset opportunities are either managed in-house or via partnerships with specialist operators. Investments are either structured as a diversified fund or as a single asset investment.
Typically, a fund will have two phases: (1) a seed funding round from Falco investors to establish track record and proof of concept and (2) an institutional funding round to achieve scale.
In 2019 Falco entered into a Joint Venture (JV) with Bowbridge Homes to purchase seven sites in Lincolnshire from the Kier Group. The sites were part developed by Kier, but due to a change in their strategic direction, there was a need to sell its housing arm. All sites have full planning permission, and in most cases supporting infrastructure such as roads, drainage and utilities. The JV acquired the sites and then plans to return profit to investors in 2022.
In 2022 Falco secured a JV with Anglo Renewables (“Anglo”) to fund the development of a portfolio of battery storage facilities. The business model for battery storage is based on three core elements. Firstly, securing land under option for the construction of the Battery Energy Storage System (BESS). Secondly, securing a grid connection offer from the local district network operator. Finally, Securing planning consent for the BESS. The project is then sold ‘shovel ready’ to the market of specialist energy companies or funds who will construct and run the operation.
In 2019 Falco Capital entered into a Joint Venture with Amro Real Estate Partners to develop a purpose-built student accommodation scheme in Getafe. This is a highly attractive sub-market of Madrid, and well connected to the city through train and bus. The property will consist of 215 bedrooms and is within 5 minutes walk of Universidad Carlos III de Madrid Getafe campus. Practical completion is targeted for June 2023.
In 2021 Falco Capital entered into a joint venture with Amro Real Estate Partners to develop a purpose-built Student accommodation scheme in Salamanca, Spain. Salamanca is the oldest student city in Spain. The property will consist of 157 bedrooms of high-level design and fit out. It is within 3 minutes walk of the main campus and home to more than 30,000 students. Practical completion is targeted for June 2024.
In 2021 Falco invested in a pre-series A funding round for Reality+ working in partnership with Velocity Capital. Founded in 2018 by Morten Rongaard and Tony Pearce (a blockchain thought leader and mobile gaming entrepreneur respectively), Reality+ help leading brands engage with their fans using the latest Web3 technology. They have also created a marketplace where players can buy, sell and trade their Non Fungible Tokens (NFTs).
Georgies & Tom’s
In 2021 Falco invested in a pre-series A funding round for Georgie & Toms working in partnership with Velocity Capital. Founded in 2020 by the former team at Charlie Bighams, Georgie & Tom’s aims to be the highest quality fully prepared meals brand in the world, targeting affluent couples, direct to consumer. Georgie & Tom’s is looking to focus on the under-served market in the US for ready-meals utilising the expertise of the UK team of Charlie Bighams to take the business model to the US.
In 2021 Falco Invested into a pre Series A funding round for Sportcor working in partnership with Velocity Capital. In collaboration with Kookaburra it has developed the world’s first competition ready smart cricket ball utilising the SmartCore. Sportcor combines the latest in advanced electronics and data analytics with traditional sports equipment. The movement data collected by the sensors delivers information such as speed, distance, force and spin to offer a fun, engaging and educational platform that lets players, coaches and fans engage with the sport on a whole new level.
In 2021 Falco invested in a pre-series A funding round for The Cookaway. The Cookaway is an evolution of the recipe box model, on a mission to bring joy into cooking with inspiring chefs, exciting menus, premium quality ingredients & live experiences, all available without a subscription. Creating a new evolved category that combines world food, engaged communities, great experiences and amazing content.
Falco Real Estate Finance Fund
In 2016, the Falco Group established a real estate lending business which has, as at January 2021, completed £85m of net loan advances across 32 transactions. FREFF is the primary lending vehicle. This is an open-ended investor fund, domiciled in Luxembourg within a SICAV-SIF, and supervised by the Luxembourg regulatory authority, the CSSF.
Amro Falco Purpose Built Student Accommodation (“PBSA”) Fund - Iberia
In 2017, Falco entered into a joint venture with Amro Partners to develop and operate a c.4,000-bed PBSA platform in Iberia over a 4-6 year period. As of January 2021, the fund was in the construction phase of three properties in Malaga, Valencia and Seville totaling 747 student beds, having completed and sold its first project in Granada (354 beds) to an institutional purchaser in the summer of 2020.
Further opportunities will be forthcoming in Spain over the course of the coming months as single investment opportunities rather than within a fund.
Juice Ventures is a venture debt business providing short term financing to tech-enabled businesses. Juice will provide funding to borrowers for the sole purpose of financing digital media advertising for user acquisition. The Juice team will draw on its deep pool of experience to target opportunities in the Subscription, E-Commerce and Gaming sectors through the provision of revolving credit facilities.
Falco investors have invested equity into the management business and retain board representation.
Amicis is a restaurant group with its first restaurant established in 2017 in Central Madrid. Investors have participated as equity investors with Falco retaining board representation.
Falco Amro Pamplona
The Falco Amro Pamplona investment is the fifth project in the Joint Venture, following on from the now closed Amro Falco Fund which concluded its first round of Spanish PBSA investments in 2019. The property is currently a freehold greenfield development site in the south of Pamplona which will see a new building constructed consisting of 307 bedrooms mixed across en-suites, studios and ‘twodios’.
Falco has partnered with Blakesley, a South West based residential developer to deliver a for sale development of 32 houses in Kingsbridge, Devon.
Hinckley Hub, Leicestershire
A single asset partnership which acquired a four acre former hosiery factory site and obtained planning permission for 46 houses and Hinckley Hub, a 4,645 sq m office building housing the main council offices for Hinckley and Bosworth Borough council, the Hinckley offices of Leicester County Council and the relocated Hinckley Job Centre Plus, the first such co-location by Job Centre Plus in the UK. The Hub achieved a BREEAM Excellent rating and was sold upon completion to Aviva Investors.
Great Marlborough Street, Soho
A single asset SPV which acquired the freehold interest in 40 & 41 Great Marlborough Street, London, W1 in June 2015. The building comprises two, of an original terrace of four, Victorian houses situated close to Carnaby, Oxford and Regent Streets, in a prime Soho location. Planning permission was obtained for the partial demolition and extension of the building and construction was completed in November 2017.
The retail and office elements were let and the building was sold to an international investor in late 2017 for an undisclosed sum.
CENTURION GOLF CLUB
Centurion is a private members golf club which opened in Hertfordshire in 2013 and which hosted the prestigious European PGA Tour GolfSixes event in 2017 and 2018. In 2015, Falco originated private debt funding for the construction of the new clubhouse which opened in July 2016. Open to the public as well as members, the Clubhouse features an 84 cover restaurant and terrace overlooking the 18th green.