Real estate finance firm Maslow Capital has provided a £22 mln (€26 mln) development loan to Lotus Living for a new mixed-use development in Harlow, Essex, UK.
The Stow will deliver 116 private residential units, from one-bedroom apartments to spacious three-bedroom duplexes. Additionally, 15 commercial units will cater to the needs of both residents and the local community.
Situated in Harlow, a town undergoing significant revitalization, the development benefits from excellent transport links, with Liverpool Street Station just a 30-minute train ride away and Stansted Airport within easy reach.
The project is also committed to sustainability, incorporating eco-friendly features like brown and blue roofs. Additionally, it offers over 700 m2 of communal space, secure cycle storage, and convenient parking.
Rajiv Nehru, CEO at Lotus Living, commented: ‘We are delighted to have Maslow Capital's support for our Harlow project, which enables us to advance a development that aligns with our commitment to sustainable and community-focused growth. It's a significant step towards revitalising the local community and stimulating economic growth in the area. Our aim is to create a vibrant, sustainable neighbourhood that offers exceptional living and working opportunities.’
James Henry, director of Origination at Maslow Capital, said: ‘We are excited to support a project that brings new housing and commercial opportunities to an evolving area. Maslow Capital is committed to helping developers create thriving communities, and this project is an excellent example of that mission in action.’
Nick Swerner, director at GLPG (Capital Advisory), added: ‘Working with Maslow Capital on this financing has been a highly collaborative process. Their ability to tailor solutions to meet the specific needs of this project has been invaluable. We’re proud to have played a part in securing funding for Lotus Living, and we look forward to seeing this project contribute positively to Harlow’s revitalisation.’
