Investec has provided a £36m loan to Comer Homes’ final phase of its Mast Quay scheme in Woolwich, SE18, which will see 204 build-to-rent homes delivered.
The five-year senior debt facility will fund the development of two residential blocks, with 10,000 sq ft of commercial space spread across the two buildings.
It marks the second and final phase of Mast Quay and is due for completion in December 2022.
This is Investec’s third deal with Comer Homes, following its most recent agreement to provide a £45m loan to fund the development of the 338-home Royal Winchester House scheme in Bracknell.
Stuart Scott, Investec Structured Property Finance, said: “Mast Quay is a landmark scheme with an abundance of outside space, which will complement the wider transformation of the Woolwich area into what is a prime rental location.”
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