# London BTR Capital — Full LLM Reference > DNA Real Estate develops institutional London living sector assets. LBC Token is the structured secured debt participation instrument. Canonical URL: https://londonbtr.capital/ Investor relations: info@londonbtr.capital Audience: Qualified and institutional investors only. Not available to UK residents. Capital at risk. Not financial advice. ## Overview LBC Token is a GBP-denominated security token issued by London BTR Capital for qualified investors. Capital is deployed exclusively through DNA Real Estate into Greater London's living sector - one of the world's most supply-constrained real estate markets. ## What is LBC Token? The LBC Token is not a cryptocurrency and it is not speculative. It is an institutional-grade digital secured debt instrument, issued digitally for efficiency. Investors acquire security tokens issued by London BTR Capital. London BTR Capital works exclusively with DNA Real Estate, an established London developer, providing a secure loan facility to fund its Greater London development sites. Investors earn a fixed annual return and are repaid from proceeds when those sites are completed and sold or refinanced. The word "token" refers only to how the investment is recorded and administered - digitally on a blockchain ledger. The economics are identical to a traditional private credit instrument. ### What LBC Token IS - **A fixed-return secured debt instrument**: Institutional-grade private credit structure. - **GBP-denominated**: All amounts in British Pounds Sterling. - **Asset-backed**: Capital deployed into real London property sites. - **Senior to sponsor**: Investors are paid before the developer sees any profit. - **Issued digitally**: Cleaner administration, faster onboarding, transparent records. ### What LBC Token is NOT - Not a cryptocurrency or speculative digital asset. - Not equity - investors do not own shares in any company. - Not a traded token - transfers are controlled and restricted. - Not available to UK residents - see regulatory notices. ## Market opportunity London has a decades-long structural housing deficit. That deficit is the foundation of this investment case. The Greater London Authority identifies a need for approximately 66,000 new homes per year. Actual delivery averages fewer than 35,000. The cumulative shortfall now exceeds 300,000 homes. London BTR Capital channels institutional-grade private credit into living sector projects that help close this gap. 300,000+ — Cumulative London housing shortfall £5.7bn — UK living sector investment (2023, CBRE/BPF) 15%+ — Prime London rental growth 2022–23 (Knight Frank) 115,000+ — BTR units completed in the UK (BPF/Savills 2024) ## Token structure - Instrument Type: Security Token - Structured Secured Debt Participation (not equity or utility token) - Issuer: London BTR Capital. - Borrower: DNA Real Estate. (Greater London real estate developer) - Currency: GBP (£) - Total Programme: £300,000,000 - Base Unit: 1 Token = £10,000 principal - Return Mechanics: PIK - returns accrue daily, compound annually, paid at maturity - Investment Horizon: Approximately 5-7 years - Transferability: Restricted; whitelist-controlled transfers only - Investor Access: Qualified / Institutional Investors only; KYC/AML required ## Returns All figures below are illustrative, based on annual compounding at the stated rate. Returns are not guaranteed. All amounts in GBP. ## Security LBC Token is structured to give investors a defined priority position and a documented enforcement pathway. You sit above the developer in the repayment hierarchy - they do not see profit until you have been fully repaid. ## Team - **Amar Randhawa** (Founding Partner): Amar has led DNA to develop its multi-asset class platform with investment into natural resources and real estate. His ability to acquire development sites, raise funding and establish strong partnerships, has enabled DNA Real Estate to create a premier living platform opportunity with a combined value of over £1.5bn in GDV to date. Having graduated with a BSc. in Theoretical Physics from University College London, Amar started his early career within the financial services sector working in fixed income and later equities. Since 2010, Amar has been actively involved in real estate development with completed projects spanning the home counties and prime central London, valued at over £250m in GDV. - **David Scheurl** (Partner): Before joining DNA as a Partner in 2022, he was a Senior Advisor to Signal Capital, a €2.5bn European asset manager, and set up Alvin Partners, an investment firm focused on credit-driven special situation opportunities on behalf of a group of UHNW European family offices. David has 20 years of experience in capital commitment and corporate finance. He co-founded Metric Capital Partners (MCP), a €1.6bn private capital fund advisor, with a strong track record in financing operational real estate assets. After graduating from Stanford University with a BA in Economics, he started his career at Deutsche Bank in the European Leveraged Finance team. Subsequently he was an investor at MatlinPatterson where he focused on distressed credit investments both in Europe and the U.S. - **Simon Wigzell** (Commercial Director): Simon started his career with Cushman Wakefield and is a Member of the RICS. Until recently he was Head of Group Property at FTSE250 CLS Holdings Plc having joined in 2009. He grew the company from £1.5bn to £2.3bn today and oversaw all asset management and development in UK, Germany and France. He successfully created CLS's biggest property development opportunity, 'Vauxhall Square' which he sold to Chinese developer R&F. He has delivered a range of projects including student, residential, long stay hotel and offices. Prior to joining CLS, he was the Managing Director of various industrial and shopping centre funds. He also held senior development roles at BAA Plc for 13 years working on hotel and office developments. Simon has a passion for sustainability. - **Julian Bell** (Planning Director): Julian has 30 years experience in national, London and local government politics having served as Council Leader of the London Borough of Ealing for 11 years and worked with many MPs in Parliament and on the campaign trail for the Labour Party including for Tony Blair and Gordon Brown. Julian has extensive experience of planning policy, regeneration and housing delivery in London having focused on these areas when Ealing Council Leader and an executive member of London Councils. He also chaired London Councils Transport and Environment Committee and most recently served on Transport for London's Board. He has now set up his own consulting company having stepped down from frontline politics in May 2022. Julian is a keen cyclist and a fervent follower of his beloved Sheffield United. - **Cyril Ogunmakin** (Development Director): Cyril spent 10 years as the CEO for Interland, a private property investment company based in London with operating assets across all multiple real estate sectors. Over his tenure at Interland he achieved planning & development consents for over 1200 residential flats, Co-living, and PBSA with a long term investment strategy. He also garnered positive support from several banks and funding institutions (Including RBS, Investec, Secure Trust Bank, Safra & UMTB). Cyril previously led The Mason Group where he successfully acquired and refurbished/develop new sites in excess of £200m. Cyril brings extensive experience across the real estate planning and operating spectrum to the DNA team. - **Duncan Souster** (Senior Advisor): Duncan is Chief Executive and a founding member of the Avelios team. Duncan has significant experience working at board level across both the charitable and commercial sectors and is the former Chief Executive of The Jubilee Sailing Trust, where he led the charity's international expansion and worked with prominent philanthropists and corporate partners to establish high-impact programmes of work. Prior to this, Duncan was Global Sales Director of ManpowerGroup, a Fortune 500 business services firm, where he led on a complex transformation to improve the management of key accounts across 86 countries. Duncan has a BSc (First Class) from University College London, is a Trustee of the Voces8 Foundation (a charity that inspires young people through music) and a Liveryman of the Worshipful Company of Shipwrights. ## Corporate partners - **Rasma Legal**: Legal advisors to LBC. - **Hatstone**: Corporate service provider to LBC. - **Zoniqx**: Tokenisation platform partner. ## Investor journey The investment process is guided and fully supported. From your first enquiry to receiving your LBC Token allocation, each step is handled with institutional-grade care. ## FAQ ### What exactly is the LBC Token? The LBC Token is a digital debt instrument - not a cryptocurrency for speculation. It uses blockchain for record-keeping and offers a fixed return of 9.0% or 7.5% per annum, similar to a traditional private loan note. ### What does my capital fund? Capital is on-lent to DNA Real Estate. to fund three residential development sites in Greater London (Build-to-Rent, Co-Living, and Student Accommodation) with a combined GDV exceeding £1.5 billion. ### What is the investment timeline? The investment horizon is approximately 5-7 years. It is a PIK (Payment-in-Kind) instrument - returns are paid as a lump sum at maturity rather than as regular income. ### How is my investment secured? The security package includes a share charge over the holding company, an independent security agent, and contractual protections against sponsor distributions before investors are repaid. ### Who can invest? Not available to UK investors. Exclusively for Qualified / Institutional Investors as defined by applicable law. KYC/AML verification is required. ### What is the minimum investment? Minimum subscription is confirmed during the qualification process. Contact investor relations for current terms. ### What blockchain infrastructure is used? Specific platform, smart contract, and wallet requirements are provided in the Information Memorandum after an NDA is signed. ### Can I sell my tokens? There is no secondary market. Tokens are illiquid and transfers are restricted to whitelisted addresses only. ### Are the smart contracts audited? Smart contracts undergo independent audits before capital deployment. Off-chain legal documentation also records investor rights. ### What currency are subscriptions and repayments in? All subscriptions and repayments are in GBP (British Pounds Sterling). Investors using other currencies are responsible for their own conversion and currency risk. --- For legal disclaimers see https://londonbtr.capital/legal. For risk factors see https://londonbtr.capital/risk-disclosure.