London · Est. 2008 · By introduction only

Property, Privately Held.

Build Blackwood acquires, develops and holds residential and commercial assets across London, for twenty-eight private investors, and no one else.

Request an introduction See current positions
A terrace of tall brick townhouses on a city street

Off-market

Now with the register

Penfold Reach

Riverside, east London

£2,450,000 9 apartments
Residential development Commercial conversion Land assembly Build to rent Heritage restoration Joint venture equity

£184M

Assets under management

27

Schemes delivered since 2008

11.4%

Average investor IRR

28

Investors on the register

01 · Opportunities

CurrentPositions

Six schemes are open to the register this quarter. Figures are indicative, subject to survey, and never advertised beyond this page.

Showing 6 of 6 positions Updated 27 July 2026
View the full register
An apartment building held in the portfolio

18

Years building in London

02 · About Blackwood

Where CapitalMeets Ground

Build Blackwood works inside the M25 and a few miles beyond it. We buy off-market, we build with contractors on our own books, and we hold what is worth holding.

Every position is underwritten by the three partners who put their own capital in first. Investors see the whole file (title, planning, programme, contingency) before a penny moves.

03 · How we work

A ClosedProcess

Four stages, one named partner, quarterly reporting. Nothing is delegated to a call centre and nothing is signed without you seeing the numbers.

01

Sourcing

We see sites through agents we have used for eighteen years, and through the boroughs we build for. Most of what we buy is never advertised.

Twelve to twenty sites are appraised each quarter and two or three are taken forward. You receive the appraisal for all of them, including the ones we rejected, and why.

02

Underwriting

Title, planning risk, ground conditions and build cost are priced before terms are agreed, by our own quantity surveyor, never the vendor's.

Fixed-price contracts wherever the ground allows. Contingency is set at 7.5% of build cost and reported against every month until practical completion.

03

Delivery

Our own team runs the programme: contractors on our books, materials bought early, drawdowns quarterly against certified work.

You receive a monthly programme note, photographs from site and the certified valuation. Slippage is reported the month it happens, not the quarter after.

04

Exit

Block sale, refinance or staged disposal, modelled at entry and reviewed every quarter until your capital is returned.

Average hold is thirty-one months. Since 2008 every exited scheme has returned capital in full, and six have beaten their modelled return.

The process in full
04 · Access

Access is byintroduction.

The register is closed for most of the year. When it opens it grows by two or three names, and every one of them was introduced by somebody already on it or by an adviser we have worked with for years.

There is no application form and no download. There is a conversation, and then either there is a fit or there is not.

The route on Three steps

01

An introduction

From someone on the register, or from a professional adviser we know. Tell us which when you write.

02

Certification

Completed in writing before any promotion is issued. High net worth or sophisticated investor, a regulatory requirement, not a formality we work around.

03

The whole file

Title, planning, programme and contingency on every open position, plus the appraisals for everything we rejected last quarter.

Request an introduction See the track record