This funding is being used to redevelop the former Dell HQ in Brentford for this property.

According to Pluto, this is the first permitted development (PD) scheme that needs to navigate through Gateway 2, due to the building’s height.

Despite this complexity, Pluto provided a 70% LTGDV facility for the scheme with a VAT loan in addition to this.

Burges Salmon collaborated with these parties as legal partners.

•   The Finance Professional Show 2023: The Video
•   Pluto Finance closes £60m development finance facility
•   Pluto Finance names new lending manager

"Sheen Lane is a repeat borrower of Pluto, whom we continue to support as their track record for delivering office-to-residential conversions is second to none,” said Mario Ioannides, partner at Pluto Finance.

“Pluto Finance is also impressed with new partners Signal Capital, who have ambitious targets in creating a high-quality residential BTR platform, which is much needed in London and the Southeast.

“We look forward to working with them both on the Brentford project and again on future transactions."