LBS Properties has secured a £135m senior development loan from ICG-Longbow for the Madison residential tower, next to Canary Wharf, E14.
The 53-storey block will have 423 studio, one-, two- and three-bedroom flats, including 104 affordable homes.
It will be one of London’s tallest residential towers.
The development is more than 35% sold and is expected to be finished in 2020.
Nick Crawford, director at LBS Properties director Nick Crawford said it had made significant progress at the Madison over the past year, having appointed a main contractor and undertaken substantial early stage construction works.
He said: “Signing the development loan with ICG-Longbow marks a significant milestone for the Madison. We are looking forward to working with ICG-Longbow as construction progresses over the coming months.”
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