Specialist real estate development finance provider Maslow Capital has announced the completion of a £63 mln (€74 mln) development loan.
The loan will support the development of New Eidyn, a new prime residential development, featuring 152 apartments, within Edinburgh’s wider St James Quarter regeneration project.
St James Quarter is one of the most significant city centre transformations currently underway in the U.K. It is a new quarter for the city, with a new shopping galleria housing 80 new brands, a mix of restaurants and bars as well as a luxury W Edinburgh hotel, a boutique Everyman Cinema, and a Roomzzz Aparthotel still underway.
With the entire shell and core of the building already complete, Maslow’s loan will support all of the internal works associated with the 152-unit residential development.
The scheme is being developed by Nuveen Real Estate and QPL.
