Lucan Place, London
development Loan
London Wall Lending is funding ground up development of the residential scheme comprised of 31 units build over 7 floors, and 2 commercial units over the ground floor. It will provide an external space to each apartment, Marriott branded high spec finish and parking spaces to all units.
- Location: Lucan Place, Chelsea, London
- Loan Amount: £85.8m
- Type: Residential Development
- Term: 28 months
- LTV: 66.6%
Key ESG considerations:
- CIL contribution: £4.23m
- S106 contribution: £4.10 m in lieu of Affordable Housing
- Local contributions total £97k: for skills & training £21k, carbon offset contribution £50.4k, tree amenity value contribution £6.2k and local procurement £6.4k, plus public art expenditure £175k
- Nursery and specialist treatment centre are to be let at a nominal £1 p.a. rent
- Jobs created: approx. 185
- EPC level targeted: A
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Tree protection measures in place during construction
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NOx filtration system is being installed on the lower ground & ground floors to ensure sensitive users will not be exposed to poor air quality
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The building external walls to be formed using a pre-cast concrete cladding system and triple glazed windows
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Electrically powered heating system will use renewable sources
