Octopus Real Estate has completed a £22 mln (€26 mln) loan secured on a 48-acre site with planning consent for the development of 400 new homes in Ashford, Kent, UK.
The site forms part of a wider 140-acre mixed use development, Waterbrook Park, being delivered by GSE Property Group and Mulberry Homes.
Dominic Gibson, Investment director, Octopus Real Estate, commented: ‘The loan demonstrates our commitment to high quality borrowers and underlines our continued belief in the importance of supporting regional markets across the UK and Ireland.’
