Meadow Partners will use the finance to acquire the site in London Docklands and support it through the planning process to convert six, mixed-use office and retail buildings into a residential scheme.
Investec previously provided Meadow with a £32.8m loan in 2016 to help fund the acquisition of land and the development of an 84,452 sq ft data centre, also in London Docklands.
This latest bespoke loan structure will allow Meadow to refinance incumbent debt and progress with its business plan of achieving planning for a 319-unit residential scheme.
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“This further commitment with Meadow demonstrates Investec’s ability to structure seemingly complex loan facilities and we were pleased to have been able to complete the deal within a tight timeframe,” said Mark Bladon at Investec Structured Property Finance.
“Meadow is an internationally regarded business with a track record of success in the London market and our experience [of] supporting major funds and private equity firms is once again highlighted with this deal.”
The site is located near Crossharbour DLR station and is a short walk from Canary Wharf.