This is a completed scheme in the Old Oak Common regeneration area which was also supported by the Housing Growth Partnership.
TRST, Howard Kennedy, Addleshaw Goddard and Chatham advised the borrowers. Shepherd and Wedderburn advised Investec.
“North Kensington Gate is an important scheme for City & Docklands and for the wider Old Oak Common area,” said Gary Sacks, CEO at City & Docklands.
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“As our strategy evolved around an area undergoing substantial regeneration, it was important to work with a funding partner that understood both the asset and our wider vision.”
Ian Burdett, originator at Investec Real Estate, added: “This transaction demonstrates Investec’s ability to structure flexible capital around our client’s business plans and to support experienced sponsors as they position assets for long-term growth in locations with strong underlying fundamentals.”
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