LendInvest has partnered with Homes England to finance the development of 400 affordably priced apartments in Ashford, Kent, England.
The scheme is to be developed by Kings Crescent Homes and has an expected GDV across two phases of more than £90 million (€104 million/$127 million).
With planning already in place and a cleared site, construction is able to start immediately to bring into use a key development with the project to be split into two phases.
Phase 1 will see the development of 143 units and some commercial amenity, with a GDV of over £35 million (€40 million/$49 million). Phase 2 will include the development of a further 257 flats, at a GDV of over £55 million (€64 million/$77 million).
The units for this residential development will range from one to three bedrooms, providing much-needed affordable units, a five-minute walk to Ashford’s International Train Station, which is only 30 minutes to Central London and less than two hours
