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Kate Lawlor, the firm’s chief executive, says the pandemic has prompted a growing number of debt providers to be willing to fund the sector.
The private investor argues the residential scheme at the UK capital’s Royal Docks is designed to be within financial reach of ‘average’ Londoners.
The significant growth potential of UK retirement living, with demand driven by a rapidly ageing population, is drawing lenders to the sector.
Market sources say non-bank lenders dominate the financing of such schemes as they look for returns in parts of the market underserved by traditional banks.
Consultancy's latest Debt Map report shows there was little change to the terms in most prime office senior lending markets during Q1.
Following its financing of a regional UK office-to-residential conversion, the lender’s chief executive says repurposing projects are creating opportunities for debt providers.
The report, compiled by The Business School, formerly known as Cass, reveals new UK lending dropped 23% to £33.6bn in 2020.
The private investor’s chief financial officer says financing options for its new flexible office development in Birmingham were limited.
A €296m construction financing in the German capital, led by Deutsche Hypo, was among the week’s more eye-catching items.
Nine months after their departure from the UK listed property lender, Randeesh and Daljit Sandhu have launched private equity-backed Précis Capital Partners.