Investec lends on Docklands office to resi

By Paul Norman - Tuesday, March 06, 2018 8:53

Investec Structured Property Finance has provided Meadow Partners, the international real estate investor and asset manager, with a £14.75m senior loan to finance the site acquisition and planning for an office to residential conversion in London's Docklands.

Meadow plans to convert six mixed-use office and retail buildings, situated in the Docklands business district, into a residential scheme.

The facility follows a £32.8m loan by Investec to Meadow in 2016 to help fund the acquisition of land and the development of an 84,452 sq ft data centre, in the same Docklands area.

The bespoke loan structure will allow Meadow to refinance incumbent debt and to progress with its business plan of achieving planning for a 319 unit residential scheme.

Located near Crossharbour DLR station, the site is a short walk from Canary Wharf.

Mark Bladon, at Investec Structured Property Finance, said: “This further commitment with Meadow demonstrates Investec’s ability to structure seemingly complex loan facilities and we were pleased to have been able to complete the deal within a tight timeframe. Meadow is an internationally regarded business with a track record of success in the London market and our experience supporting major funds and private equity firms is once again highlighted with this deal.”

pnorman@costar.co.uk

Get in Touch
+44 203 205 4600