Cheyne Capital Management (UK) has provided a £187 million (€221 million/$232 million) senior loan to LaSalle Investment Management to finance the acquisition and construction of a Regal London mixed-use development in Wembley, London.
The scheme has been acquired through a structured transaction by LaSalle’s growing Value-Add Investments business line, with Regal London retained as development manager.
The project will be completed to the highest quality and environmental standards. The site, which was the old Euro Car Parts headquarters will be transformed into 759 new homes, 35 percent of which will be affordable. The development also will include nearly 40,000 square feet of flexible urban logistics and commercial space and a new publicly accessible green space. Residents will benefit from its desirable location close to Wembley Park Station in the Wembley regeneration area, as well as new cycle connections and pedestrian crossings.
In addition, the dev
