14/08/2026
Excited to share a major milestone for the North of England’s property sector 💫
AND Capital Ventures and Forshaw Land & Property Group have signed a Letter of Intent to establish a new closed-ended residential development and investment fund targeting up to £185 million ($250m).
The fund will combine:
• AND Capital’s institutional capital formation and fund structuring expertise
• Forshaw’s fully integrated development platform (site sourcing, development management, construction, lettings & property management)
Focus areas include residential-led schemes, build-to-sell, private rented sector and select mixed-use opportunities across markets benefiting from structural housing undersupply and regeneration demand.
Lyndon Forshaw, CEO of Forshaw Land & Property Group, said:
“This partnership with AND Capital represents a transformational moment for our business. We have built a strong track record as an SME developer, but access to funding remains one of the biggest challenges facing businesses in our sector.”
David Chung, Head of Capital Formation at AND Capital Ventures, added:
“Forshaw has spent nearly 20 years building the kind of track record that institutional capital wants to underwrite. Pairing that operating discipline with a dedicated institutional capital vehicle gives us a genuine competitive edge in one of the most sought-after regional markets in Europe.”
Under the LOI, Forshaw will lead pipeline generation, site origination and delivery, while AND Capital will lead fund formation, institutional capital raising and investor relations. Both firms will jointly pursue LP recruitment and share in management and performance fees.
This is an important step forward for high-quality residential development and regeneration across the North.
Regeneration Manchester PropertyFinance Thank you Hilldickenson Troo Hospitality API Global for sharing this amazing partnership 💫 Roland Dransfield dominic_holden_photography House of Dogstar Studios & Platform SR Beauty | Strip Lashes & Glue
