Consortium seeks funds for €1.5b mixed-use project in London

Knight Frank Capital Advisory has been instructed by Purfleet Centre Regeneration Ltd., a consortium of partners comprising Urban Catalyst, Swan Housing Association and Keltbray, to find a funding partner to deliver a major new mixed-use multi-phase development in Purfleet-on-Thames in Essex, London.

Knight Frank is seeking up to £1 billion (€1.2 billion/$1.4 billion) of residential and commercial equity and debt to fund the £1.3 billion (€1.5 billion/$1.8 billion) project.

Outline planning permission has been granted already by Thurrock Council for the 140-acre site, which will comprise a new town center with retail and commercial space and 2,850 new homes, as well as a medical center and a primary school.

The scheme is also set to become a world-class creative hub, with approximately 1 million square feet of space dedicated to television and film production studios and the creative industries. Extensive public realm on the site will include a focus on bi