A four-year €290m (£258m) development loan has been secured to fund the delivery of a 462-home prime residential-led scheme in Kensington, West London.
Maslow Capital, a leading provider of real estate finance, has completed on the facility to support the development at 100 West Cromwell Road, a 50:50 joint venture between leading UK developer SevenCapital and pan-European real estate investment manager MARK. Ardmore Construction has been appointed as the main contractor.
Comprising seven residential blocks, 100 West Cromwell Road will offer a mix of spacious studios, one, two and three- bedroom apartments, with some featuring an open or enclosed balcony, along with a select number of duplex apartments and three- and four- bedroom houses. In a major boost for local housing need, 40% of the homes will be provided as affordable.
A new landmark, 100 West Cromwell Road will feature a 29-storey residential tower, which will become the tallest building in the Royal Borough of Kensington and Chelsea.