Maslow Capital has provided a £18.1m loan to Yari Investments Limited for development of 121 co-living units West London.  

Designed with young professionals in mind, the scheme will deliver state-of-the-art co-living units in Feltham, a fast-developing town in Hounslow.

The loan was agreed over a 24-month term, with the borrower set to retain the scheme and operate it themselves as part of their portfolio.

Exit will be realised through refinance, according to the lender.

The co-living units are set to be completed by contracting firm MY Construction Limited using modular construction techniques.

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Units will consist of private studio space with bedrooms and bathrooms, as well as communal spaces such as a lounge, kitchen, dining areas, and co-working spaces.

Rachel Gordon, head of deal execution at Maslow Capital, said: “This project exemplifies Maslow Capital's commitment to supporting the development of high-quality, innovative housing solutions in the UK.

“The use of modular construction techniques in this project not only allows for faster, more efficient building, but also enables our borrower to deliver a development that is more environmentally friendly.

“We are pleased to support the use of such innovative methods and believe they will play a key role in the future.”