Maslow Capital completes £63m development loan

Maslow Capital has completed a £63m loan to support the development of New Eidyn, a prime residential scheme in Edinburgh.

The development — which is being developed by Nuveen Real Estate and QPL, in partnership with development manager Native Land — will deliver 152 apartments within the city’s wider St James Quarter regeneration project, featuring elevated outdoor landscaping and sky gardens; common areas, including a garden room; and residents’ services, such as full concierge.

With the entire shell and core of the building already complete, the funding will aid all the internal works, with works expected to finish in Q3 2022. 
Internal image of the New Eidyn project

“Maslow Capital are delighted to support Nuveen Real Estate and QPL with the delivery of their ambitious project,” said Matt Pigram, partner and head of deal origination at Maslow Capital. 

Adam Shelley, treasurer at Nuveen Real Estate, added: “The support from Maslow Capital will enable us to introduce a world-class, modern, city centre living ethos to Edinburgh in the residential element of St James Quarter, and the nearby transport links and close proximity to Edinburgh’s many cultural and leisure amenities will provide residents with the ultimate central and connected city centre living experience.”

New Eidyn will comprise three distinct buildings that will sit on the fifth to eighth floors of the St James Quarter development, above the retail galleria and adjacent to other amenities such as the W Edinburgh hotel, Everyman Cinema and Roomzzz Aparthotel.

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