Cheyne Capital Real Estate has provided a £143 million (€167 million/$180 million) development loan to Riverstone for its latest residence, which is on The Bishops Avenue, Hampstead Heath, North London.
This is the third such loan that Cheyne has made to Riverstone, the first being for the Fulham Riverside scheme in 2021, which has since been repaid, and the second for the Riverstone Kensington development in 2022.
The Bishops Avenue scheme will consist of 93 apartments in addition to amenities such as a concierge, chauffeur service, spa treatment rooms, cinema, restaurant, bar and recovery/physiotherapy suite.
“The demand for new and innovative later-living options continues to grow across London, and we are very pleased to be further strengthening our relationship with Cheyne Capital, who share our vision to deliver exceptional residences in prime London locations,” said John Clark, Riverstone CFO. “Our continued focus is to develop residences that ar
