Beaufort Completes Funding for £30m mixed-use Covent Garden Project
Beaufort is delighted to announce the recent completion of a facility to fund the refinance and development of a mixed-use project in Covent Garden, central London.
The proposed development will consist of 12 high-quality apartments and approximately 5,000 square feet of office space.
The project comprises the refurbishment of the existing building, with additional floorspace added to the roof of the building.
The GDV of the proposed development once completed is forecast to be approximately £30m.
The completed development will boast air-to-water heat pumps to provide low-cost and low-carbon heating and hot water to the apartments, as well as new green roofs and dedicated cycle storage.
We are delighted to be supporting a new client for this quality residential development near Covent Garden with high spec apartments in this vibrant part of London.
It has been a pleasure working with the borrower and their team and we are looking forward to building on this new relationship over the coming years as we seek to provide more facilities, particularly since the recent introduction of Beaufort’s new stretched senior debt product which has been used here.
Mark Quigley, Managing Director at Beaufort Capital
