Maslow Capital has provided a £22m development finance package to Lotus Living for the construction of 116 homes and commercial space in Harlow, Essex.
The mixed-use scheme will include a variety of residential options, from one-bedroom apartments to three-bedroom units and duplexes, alongside 15 commercial units.
The scheme incorporates several sustainability features, including brown and blue roofs that help to reduce urban flood risk while also supporting local wildlife.
The development also includes more than 7,500 sq ft of communal space, secure cycle storage and 71 car parking spaces.
Rajiv Nehru, chief executive at Lotus Living, said: “Maslow Capital’s support for our Harlow project enables us to advance a development that aligns with our commitment to sustainable and community-focused growth. It is a significant step towards revitalising the local community and stimulating economic growth in the area. Our aim is to create a vibrant, sustainable neighbourhood that offers exceptional living and working opportunities. Maslow’s expertise and support have been instrumental in turning our vision into reality.”
James Henry, director of origination at Maslow Capital, added: “This £22m loan reflects our confidence in Harlow’s growth potential and Lotus Living’s capability to deliver high-quality developments. We are excited to support a project that brings new housing and commercial opportunities to an evolving area. Maslow Capital is committed to helping developers create thriving communities, and this project is an excellent example of that mission in action.”
Image from Lotus Living
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