About Us

Since its inception, The Spell Fund has successfully supported over 40 projects with a combined Gross Development Value (GDV) of over £350M. These range from small housing developments through to large blocks of apartments, hotels, student accommodation (PBSA) and Build To Rent (BTR).

When considering how to structure and finance projects, we will tailor our solution to the individual project and developer's requirements often working through a Joint Venture agreement. In some cases, we are willing to consider planning risk as part of the overall project.

A typical project term will be 18 months to 2 years and we will look to invest up to £750,000 to £1.5m with our funds per project, depending on locality and market potential. Working together with are co-funders, we can provide up to £7.5m

years in the development funding market
thousand sqft. of residential
real estate
projects funded

The Managing Partner

Chris Dovell

Chris started working in the City with National Westminster Bank Group in their Structured and Leverage Finance group. After 3 years, he moved to the bank’s Fixed Income trading department and in 2001 was given global responsibility for overseeing a considerable expansion of their UK and European Government Bond trading capabilities.

During this time, Chris proved himself to be a very successful trader and was also a member of several senior management teams responsible for strategy, budgeting, and forecasting.

In March 2004, after 14 years in the City, Chris left to fulfil a long-held desire to work for himself, and he set up the Spell Fund to provide much-needed equity investment for property developers.