Octopus Real Estate and Sirius Property Finance have agreed to provide a £69m loan to develop 291 new homes in Poole, Dorset.
Developer London Land Group is set to build a range one, two and three-bedroom flats across five blocks, as well as almost 8,000 sq ft of commercial space, associated car parking and bike spaces, and a communal landscaped courtyard.
The site, at West Quay Marina, is one of the major regeneration sites in Poole. It currently houses a pay-and-display surface car park and a vacant two-storey commercial building.
Andy Scott, head of residential development at Octopus Real Estate, said: “The development is well designed, and the use of modern methods of construction will have a direct positive impact on the sustainability and carbon content of the project. We will be looking to work with more and more developers which implement these methods in the future.”
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