Specialist European real estate finance provider Maslow Capital has provided a £122m (€140.6m) UK development finance facility to Definition Capital.
Maslow said it is funding the mixed-use regeneration development on Eynsham Drive in Abbey Wood, South-East London. The completed project will include a 487-unit co-living scheme and a 110-room hotel.
Debt adviser Mantra Commercial introduced the transaction.
Irfan Hussain, director at Definition Capital, said: “We are pleased to bring forward this ambitious mixed-use scheme for Abbey Wood, combining well-managed rental homes, a high-quality hotel, and community facilities on a single site.
“As a repeat client, we were pleased to partner with Maslow Capital again; their clarity, pace, and depth of experience, working alongside our debt adviser, Mantra Commercial, helped us navigate a complex structure and move decisively to completion.”
Sky Mapson, senior director of origination at Maslow Capital, said: “We are delighted to back Definition Capital on this flagship scheme. As a repeat client, they bring strong delivery credentials, and the project’s amenity mix, and connectivity make a compelling proposition for residents.”
Rachael Gordon, head of deal execution, UK & Europe, Maslow Capital, said: ”Together with Mantra Commercial, we have created a bespoke finance package that protects all parties to the deal against changes in the financial and development landscape, while also reducing paperwork and administrative time.
“Importantly, it is a package that helps deliver living spaces for people who need a place to live in a thriving part of London.”
Nick Neophytou, managing director at Mantra Group, said: “We handled both the insurance and the debt side of this deal and analysed the market for the best lender.
“Maslow Capital was identified as the ideal partner due to its sector knowledge, pragmatic approach and commitment to getting the deal over the line as well as its ability to handle complex, large-scale developments.”
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