£30,700,000 – Southeast England

Puma Property Finance has provided over £30 million of acquisition and future development funding to finance a £52m Gross Development Value (GDV), sustainable speculative commercial office development located in Parsons Green, Southwest London.

The development is a joint venture between W Real Estate and Taurus Real Estate UK, which will create an office space comprising 4 floors and a basement, covering around 45,000sqft.

Significantly, the new building will have a high focus on sustainability, with a specific independent energy strategy that is expected to reduce carbon emissions by nearly 50% from the baseline scheme. It will include air-sourced heat pumps, 82 cycle spaces and PV panels, and will be developed under a net-zero carbon construction target. These design specifications have been included with the goal of achieving a BREEAM Excellent standard, as well as an EPC rating of A.