Investec has given developer First Base and investor Patron Capital a three-year £35m loan for the £120m Edward Street Quarter scheme in Brighton city centre.
The scheme will see the former AMEX House redeveloped into 110,000 sq ft of grade-A office space, 168 new homes for sale and build-to-rent, and 40,000 sq ft of leisure space.
The scheme is earmarked for completion in autumn 2021.
Daniel Carlisle at Investec said: “Edward Street Quarter is one of the most ambitious regional redevelopments in the UK, and reflects Investec’s growing reputation as a lending partner of choice for transformational placemaking schemes which incorporate the latest trends in how people want to live and work.
“First Base is an established property developer with a strong track record and the support of a major institutional investor in Patron Capital; we hope this is the start of a long and successful relationship.”
To send feedback, e-mail lucy.alderson@egi.co.uk or tweet @LucyAJourno or @estatesgazette
