Canary Wharf Group has secured a £30m loan from Metro Bank to fund the development of a new 60,000 sq ft private members’ club in Canary Wharf, E14.
The site, due to open in spring 2019, has been has been prelet to The Quay Club, part of the Arts Club Group.
It will be the second private members’ club in Canary Wharf and the first Arts Club to open outside Mayfair.
The deal is Metro Bank’s largest development finance agreement since it started development lending 18 months ago.
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