Octopus Real Estate has provided a £53.5m development loan to Investin to finance 278 homes in Birmingham.
The loan will finance the construction of 278 flats in the Birmingham Southside wider regeneration programme.
Nick White, head of development origination, Octopus Real Estate, said: “The development lending team at Octopus Real Estate has been focused on supporting quality developers that have a passion for supplying top-of-the-range homes.
“We are pleased to be working with Investin, as they embody these qualities and share our mission to help solve the UK’s housing shortage by providing quality, sustainable homes for all stages of a person’s life.
“By repurposing brownfield land, we are working together to revive a disused site, while also protecting the green local area. This is vital for stimulating growth and helping the local area reach its full potential.”
Roger Lal, director at Investin, added: “As planning and regeneration specialists, we actively seek out and act on only the very best development opportunities. We place great emphasis on delivering quality homes of the highest order, so it’s great to be able to work with a lender who is so aligned with our own mission.”
To send feedback, e-mail akanksha.soni@eg.co.uk or tweet @AkankshaEG or @EGPropertyNews
