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Sign in Sign up for a FREE subscriptionLong Harbour closes €169m funding agreement for build-to-rent scheme
Long Harbour has commercially completed its second forward-funding deal with Berkeley Square Developments in Tottenham Hale, North London.
The deal represents a total investment of £156 million (€169 million/$199 million) and will create 315 high-quality new homes for rent.
The deal follows Long Harbour’s £70 million (€76 million/$89 million) forward funding of the first phase of the Ashley Road Masterplan in May 2019, which will create 166 homes for rent. The latest agreement brings the total of new homes being financed by Long Harbour across both phases of the development to 481.
Located at 16–18 Ashley Road, the development forms part of the wider Ashley Road Masterplan in Tottenham Hale, North London. The second phase will provide a mix of one-, two- and three-bedroom apartments, as well as two larger duplexes, and will include 33 homes at discounted market rent as well as 400 square meters (4,300 square feet) of commercial space and private reside
