Investec Structured Property Finance has provided £70m (€81.8m) worth of loans to help finance a London residential scheme and a mixed-use development in Brighton.

Investec said it will provide Brill Place with a £35m multi-tranche loan to fund the acquisition of a development site in Kings Cross, North London, and subsequent delivery of a luxury 22-storey residential tower.

Brill Place is a joint venture between ED Group and Hong Kong-based Prime Pacific. The scheme is the first residential project for the joint venture’s newly formed Paladin LBS UK Residential Fund I fund.

LBS Properties will acts as development manager for the tower’s construction which is expected to begin in the first half of this year and expected to take just over two years.

Erin Clarke at Investec said: “This loan demonstrates our ability to offer clients innovative and flexibly structured products, tailored to support them through the different stages of the development process.”

Investec said it has also agreed to provide mixed‐use developer First Base and Patron Capital with a £35m, 3-year loan, to fund the speculative development of the Edward Street Quarter project in Brighton.

The project will see the £120m redevelopment of the former AMEX House in Brighton city centre. The development will include 110,000sqft of workspace, 40,000sqft of leisure space and 168 new homes.

McLaren Construction will be responsible for the construction phase of the scheme which expected to complete by Autumn 2021.

Daniel Carlisle at Investec said: “Edward Street Quarter is one of the most ambitious regional redevelopments in the UK, and reflects Investec’s growing reputation as a lending partner of choice for transformational placemaking schemes which incorporate the latest trends in how people want to live and work.”