Close Brothers Property Finance hires Caldwell as MD of structured finance

Close Brothers Property Finance hires Caldwell as MD of structured finance



Close Brothers Property Finance, part of the Close Brothers Group, has appointed Chiara Caldwell to the newly created role of managing director of structured finance.

She will lead the specialist lender’s growth across the purpose-built student accommodation (PBSA) and build to rent (BTR) markets. 

Caldwell has over 20 years of experience in banking and joins from CBRE, where she was head of residential debt advisory. There, she was responsible for helping clients to source, structure and execute their debt requirements. 

At CBRE, Caldwell worked closely with its residential capital markets and research teams to provide opportunities to institutional customers looking to develop large-scale private rental schemes. 

Before joining CBRE, Caldwell worked at NatWest for 11 years, most recently as head of private rented sector. In this role, she oversaw £11bn in senior lending across the UK. 

Her experience in the BTR market covers student housing, co-living and senior living. 


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Caldwell is also on the board of the British Property Federation’s BTR committee and has advised both Homes England and the Greater London Authority on measures to increase the supply of BTR homes. 

Phil Hooper, chief executive of Close Brothers Property Finance, said: “I’m delighted that Chiara will be joining our business and helping us grow our exposure within these strongly performing asset classes. We have been lending to the development marketplace for 50 years and have a first-class, relationship-led proposition, so it feels like a natural evolution to diversify our lending offering.

“I am also pleased that she will bring some fresh perspectives around the leadership of the business, and I am happy to welcome her to the team.” 

Caldwell (pictured) added: “Both BTR and PBSA continue to flourish as asset classes in the UK, attracting large-scale institutional investment. While supply has been restricted over the last year, demand has continued to increase, pushing up rental growth and creating considerable sector growth potential in the coming year and beyond.

“Expanding into these markets will further strengthen the value proposition for borrowers. The relationship-led, personalised approach to lending employed by the excellent team at Close is a huge factor behind their continued success and I’m looking forward to helping the business continue its strong growth trajectory.” 

Close Brothers Property Finance will be celebrating 50 years of development finance lending, and has recently seen its loan book grow to just under £2bn. 

Caldwell’s appointment will back its proposition and plan to diversify into the PBSA and BTR sectors, which it said were currently valued at £85.8bn and £35bn respectively. 





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