Titlestone Funds New London And Newmarket Housing Schemes

July 25, 2014

Residential development lender, Titlestone Property Finance has agreed funding for new housing schemes on two former commercial sites in London and Newmarket.

In South Harrow, Titlestone is supporting the conversion of a vacant five-storey office building with a £15.5 million loan. The conversion, which is being undertaken under permitted development rights, will include 23 studio flats, 45 one-bedroom and 33 two-bedroom apartments.

When completed, the scheme will total almost 60,000 sq ft of residential accommodation and 165 car parking spaces on the 1.5 acre plot.

Titlestone is also providing finance for a 46,400 sq ft residential development by Phix Residential Ltd in Newmarket, Suffolk. The scheme, which includes the conversion of an existing building as well as new build, is being developed on a 1.2 acre commercial site.

The Newmarket development includes six four-bedroom houses, 35 two-bedroom apartments and a small number of one bedroom and three bedroom flats.

Titlestone specialises in providing stretched senior debt to residential developers and has committed to projects across Southern England.

Robert Orr, Chief executive of Titlestone says: “The funding proposition which we are able to offer is meeting a significant gap in the market, enabling residential developers to spread their equity across a greater number of projects in areas where there is rising demand for new housing.”

-ends-

Latest News

THE MALL LUTON TO BE REBRANDED BY NEW OWNERSHIP TEAM

November 14, 2023 - 10:23

Frasers Group, the new owners of Luton’s main shopping destination, The Mall, have announced plans to rebrand the centre as “Luton Point’ to reflect its unique position in the heart of the town.[...]

+ Read More

Glenstone REIT plc absorbs The Clifford Property Company Ltd

November 10, 2023 - 12:33

Glenstone has acquired 100-year-old Clifford Property in an NAV for NAV all paper share purchase. The Clifford portfolio, totalling £12.3m consists of mixed-use assets based in the Southeast of Engla[...]

+ Read More

REDEFINING LAB LIFE AS STRUCTURE COMPLETED FOR LANDMARK ARC WEST LONDON LAB DEVELOPMENT.

November 10, 2023 - 12:27

Advanced Research Clusters (ARC) and Kier have hosted a topping out ceremony at ARC West London’s Refinery development in Hammersmith to mark the completion of the main structure. When complete, the[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR