Overview

Puma Property Finance has provided funding to finance a £65 million Gross Development Value (GDV), 26-storey residential apartment block in Stonebridge Park, Northwest London.

The development will create 141 apartments over the next 3 years, of which 56 will be affordable housing. The project is being developed by a joint venture featuring Latimer Developments – the development arm of the UK’s largest provider of social housing, Clarion Housing Group – together with developers Londonewcastle and Cervidae, and aims to address the acute housing shortage in the capital.

The development will transform the currently derelict office site, and is part of the wider regeneration of the Stonebridge Park area. The apartments are being developed with sustainability credentials front of mind, including a zero-carbon target, and enhancing biodiversity through new habitat creation.

Figures are subject to rounding.