Investec originates £25m loan for niche residential developer in U.K.
Investec Structured Property Finance has provided James Taylor Homes, a niche residential developer focused on creating high-quality homes in London, with a £25 million ($30 million) loan, which it will use to complete its second-largest development to date.
The 33-month loan will be used to fund the redevelopment of the former Antoinette Hotel in Kingston upon Thames, London, into 89 residential units, according to FTI Consulting, which broke the news on Aug. 27. Investec also helped James Taylor Homes through a planning process to increase the number of units by 12 percent.
The two companies have a history of numerous property development transactions together spanning over the past decade, which include the Argo business Centre in Kilburn and 64 Lincoln’s Inn Field.
“Our expert team’s understanding of the quirks and pitfalls of developing brownfield sites enabled us to provide additional support throughout the process to help tackle some complex proper