This funding follows an initial facility of £45m for phase one of the project.

Located on Ordsall Lane in Salford, Berkeley Square will include 500 residential units split across two phases.

Phase two will complete the scheme with 250 new apartments, offering a mix of one, two and three-bedroom homes.

As well as a gym, co-working spaces and concierge service, Berkeley Square is being built with PV panels, recycled aggregates and low-carbon technologies throughout.

This will also include 568 cycle parking spaces and EV charging points.

Completion of the entire development is anticipated in 2026.

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Sky Mapson, senior director of development origination at Maslow Capital, commented: “At Maslow, we place a strong emphasis on service, enabling us to build long-term relationships with clients based on experience, trust, and certainty of funding—key factors that continue to drive our clients’ growth and success.

“We are proud to see this strategy in action through the completion of this loan and our continued support for The Heaton Group in delivering Berkeley Square.”

John Heaton, managing director of Heaton Group, added: “Partnering with a lender that understands our long-term vision is crucial, and Maslow Capital has been instrumental in making Berkeley Square a reality.

“This next phase allows us to accelerate our plans, bringing a high-quality, sustainable residential offering to one of the UK’s fastest-growing urban hubs.”