Development finance

Development lending is predicted to increase by more than a third this year to £10bn, according to a report from the Investment Property Forum (IPF). Based on a survey of 35 lenders and 31 borrowers, financing for development for 2015 will reach £9.98bn in the UK, up from £7.45bn last year. However, cost inflation, particularly […]

Helical Bar has obtained a £165m revolving credit facility from HSBC for its Barts Square scheme, in the City of London, held in joint venture with The Baupost Group. The new loan provides funding for the construction of Phase 1 of the project, which incorporates 144 residential units, 24,000 sq ft of offices , retail/restaurant space and accompanying public realm improvements and refinances an existing £35m facility from HSBC.