Barings Real Estate has financed a mixed-use scheme in West London with a £53.9m (€62.5m) loan facility.

Barings said it provided the development loan facility, on behalf of an institutional investor, to real estate investor Meadow Partners.

The development, Hathaway House, is a mixed-use scheme comprising residential and commercial space in Maida Vale.

The 100,000sqft development will comprise 74 for-sale apartments, including 19 affordable units and 20,000sqft office space, of which around 70% has been pre-let to an NHS Foundation Trust on a 20-year lease.

Chris Bates, the head of core mortgage Europe at Barings Real Estate, said: “This marks our 14th financing in London as we continue to grow our lending platform across a diverse range of markets and demonstrates our ability across all property types.”