MARK and SevenCapital secure €290m for London residential tower

Maslow Capital, a provider of real estate finance, has provided a €290 million ($307 million) development loan to support the development at 100 West Cromwell Road, a 50-50 joint venture between leading U.K. developer SevenCapital and pan-European real estate investment manager MARK.

100 West Cromwell Road will feature a 29-story residential tower, which will become the tallest building in the Royal Borough of Kensington and Chelsea. Comprising seven residential blocks, 100 West Cromwell Road will offer a mix of spacious studios and one-, two- and three- bedroom apartments, with some featuring an open or enclosed balcony, along with a select number of duplex apartments and three- and four- bedroom houses. In a major boost for local housing need, 40 percent of the homes will be provided as affordable.