SevenCapital has secured backing from Maslow Capital with a £43.5m development loan for its flagship Bracknell site.
The development comprises 242 flats on the commuter belt, between London and Reading. It has a gross development value of £69m.
It is the fourth loan Maslow Capital has provided to SevenCapital, backing £173m (GDV) in projects.
Matt Pigram, head of deal origination at Maslow Capital, said: “Covid-19 has materially changed the preferences of tenants across the UK. With young professionals re-evaluating their housing needs and a shift towards remote working, we are seeing a new outflow of movement to well-placed commuter belts across the UK.”
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