Grainger starts EUR 76m mixed project in London

By A staff reporter 2012-08-17T00:00:00+01:00

Grainger, a UK-listed residential property owner and manager, has started construction of a mixed-use development in Clapham Old Town, London.

Grainger, a UK-listed residential property owner and manager, has started construction of a mixed-use development in Clapham Old Town, London.

The Macaulay Walk will comprise 97 residential units and 2,800 m² of office space. The scheme will have a gross development value of £60 mln (EUR 76 mln), and is expected to be completed in early 2014.

The scheme has been financed through a mixed-use development loan from UK lender HSBC, which is secured against the site, and the presale of 32 of the residential units to Network Stadium Housing Group.