Maslow Capital

SevenCapital secures £43.5m development loan from Maslow Capital for Bracknell project



Maslow Capital has completed a £43.5m loan, agreed on a 28-month term, for SevenCapital’s mixed-use development in Bracknell.

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With a GDV in excess of £69m, the scheme — which will be built on a former brownfield site — will deliver 242 residential units and ancillary commercial space separated into two blocks.

Block A will deliver 106 units over seven levels of accommodation, with a 25% affordable element, while block B will deliver 136 private units over nine levels.  

Residents will have access to onsite communal areas, including a loft-style workspace, a private bookable event area for hosting guests, an exclusive Life Club Gym, spa treatment rooms and landscaped private gardens.

The project will also offer sustainable lifestyle options, including a car park offering electric car charging points and 340 cycle spaces.

Maslow Capital has a long-standing relationship with the borrower, having previously partnered with them on three other residential development projects in Birmingham. 

The latest completion brings the total GDV across all four deals to £173m.

Matt Pigram, head of deal origination at Maslow Capital, said: “Covid-19 has materially changed the preferences of tenants across the UK. 

“With young professionals re-evaluating their housing needs and a shift towards remote working, we are seeing a new outflow of movement to well-placed commuter belts across the UK. 

“With its excellent location, high quality amenities and environmental considerations, this scheme ticks all the boxes for this key demographic.”  

Damien Siviter, group managing director at SevenCapital, commented: “This is yet again a fantastic partnership with Maslow Capital, who we have worked with on previous occasions to deliver our pioneering Birmingham developments. 

“The Grand Exchange will offer a brand new living concept for Bracknell, following the trend of convenient, spacious and amenity-rich town centre homes – which, after the past 12 months of lockdowns, we expect to prove very popular.”



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