Sharia-compliant bank BLME Holdings is to provide more than £13m to developer Residence One.
Residence One has acquired an unmodernised house on Chester Square, SW1. The Belgravia property will now be developed by brothers Nick and Ben Wilson’s company as a six-bedroom home with leisure facilities and staff accommodation set over six floors.
Alice Myers, head of property finance at BLME, said: “BLME is wellpositioned to provide the necessary financing facilities to make these deals a reality, especially those transactions that need a tailored or require financing in a short timeframe.”
