Investec Structured Property Finance and Linden Homes are to enter into a joint venture to develop a site in Hammersmith, west London.
The 50:50 joint venture will develop a site with a gross development value of £42.5m, which will include 55 flats and 2,300 sq ft of shops on the ground floor.
Investec will be providing a flexible funding structure within the joint venture which aims to reach completion in spring 2016.
The site is already under construction.
Hayley Scott at Investec said: “Investec is confident that this deal will mark the start of a successful working relationship, leading to similar joint ventures in the future. This well located site, in an extremely desirable area of west London, promises to be an attractive development to both local and foreign buyers and, as such, we are looking forward to delivering a high quality asset in 2016.”
