The owners of a £350m London residential scheme dubbed the Jenga Tower have launched a search for a funding partner after clearing their final planning hurdle.
Citygrove and McLaren Property have hired CBRE to advise on a range of funding options for New Bondway tower at 69-71 Bondway, SW8.
The jv is expected to consider selling a stake in the scheme as well as debt financing.
The appointment comes after secretary of state for communities and government Eric Pickles, this week chose not to call in the KPF-designed scheme.
A previous MAKE-designed proposal for the site was rejected by Pickles in 2011.
On behalf of the jv, John Gatley, managing director of McLaren Property, said: “We are delighted to hear that the secretary of state has given clearance to the planning application that was approved by Lambeth council in the summer. CBRE has been instructed to review funding options for the project and we look forward to starting demolition and commencement of the project in late spring 2015.”
The plans comprises 360 private flats, 9,300 sq ft of shops and 55,700 sq ft of offices. A further 90 affordable flats will be built in a smaller building next door.
