Brondesbury Park, London
development Loan
This development loan was provided for the purchase and re-development of the dilapidated building, to create additional storeys and extensions, and to create 160 en-suite co-living units with high spec finish and ample communal spaces, including a gym, shop, cafeteria, working area, cinema, green roofs & terraces, parking & cycle spaces. Project completed in December 2023.
- Location: Brondesbury Park, North West London
- Loan Amount: £32.5m
- Type: Residential Development
- Term: 27 months
- LTV: 68.5%
Key ESG considerations:
- Achieved BREEAM Excellent rating
- Highest level of EPC (A)
- Solar panels and air source heat pumps installed to reduce CO2 emissions
- Created several green spaces with water features and planted hundreds of trees
- Created roof top gardens with birds feeding fountains and lavender field for bees
- Provided 3 affordable housing units
- Built 38 bike stands and 3 electric vehicle charging locations
- Section 106 contribution made £139k
- Created 110 construction jobs
