The surveyor worked closely with Amicus Property Finance and developers Smith Homes 6 Limited to ensure funding was available to convert two, interconnecting, five-storey office buildings into 75 new ‘phase 1’ flats.
The development of Chaucer House and Hexagon House into Verve Apartments (pictured above) proved to be very popular with regards to off-plan sales.
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After Robert Sterling’s initial valuation, Amicus Property Finance was confident enough to lend throughout the project’s duration and a funding line was agreed to include an initial drawdown and an ongoing cash flow facility.
“Amicus needed to have confidence in our valuation to be able to lend,” explained Arwel Griffith of Robert Sterling.
“And the developer needs to have trust in the valuer’s skills and knowledge to underwrite such a project.”
This development is not the first time that Amicus and its in-house surveyor Cedric Houghton Brown have worked with Robert Sterling.
Combined they have been involved in a number of major developments in London and the South East over the last 12 months.