{"id":466,"date":"2024-08-09T20:19:49","date_gmt":"2024-08-09T20:19:49","guid":{"rendered":"https:\/\/www.beaufortcapital.co.uk\/news\/?p=466"},"modified":"2024-08-09T20:19:49","modified_gmt":"2024-08-09T20:19:49","slug":"beaufort-provides-senior-debt-facility-for-50m-residential-development-in-central-london","status":"publish","type":"post","link":"https:\/\/www.beaufortcapital.co.uk\/news\/?p=466","title":{"rendered":"Beaufort Provides Senior Debt Facility for \u00a350m Residential Development in Central London \u00a0"},"content":{"rendered":"\n<p>Beaufort is delighted to announce the completion of a facility to fund the construction of a new multi-unit residential development in Kensington, moments from Hyde Park.<em><\/em><\/p>\n\n\n\n<p>The \u00a325m facility will fund the construction of the ten new residences. The homes will feature thoughtfully-designed layouts that incorporate interior and exterior spaces and luxury finishes, while being positioned in a highly desirable London neighbourhood.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Additionally, the development will boast strong ESG credentials, including air-source heat pumps, PV panels, and dedicated cycle parking for each unit.<\/p>\n\n\n\n<p>The property, once completed, is projected to have a GDV in excess of \u00a350 million.<\/p>\n\n\n\n<p>The borrower group is a highly-regarded developer of residential accommodation in Prince Central London, with an enviable track record of development in some of London\u2019s most sought-after addresses.\u00a0<\/p>\n\n\n\n<p>Joe Flaherty of Beaufort Capital commented,<em> \u201cWe are delighted to have completed this facility with one of London\u2019s leading residential developers, a repeat client of Beaufort.<\/em><\/p>\n\n\n\n<p><em>\u201cThis project will be a rarity in the Kensington area; new-build family homes, which will transform a dilapidated 1950\u2019s building into a re-imagined street scene.<\/em><\/p>\n\n\n\n<p><em>\u201cIt is great project to be a part of, and we look forward to working with the developer as the scheme takes shape over the coming months\u201d<\/em><\/p>\n\n\n\n<p>This transaction demonstrates Beaufort\u2019s ongoing commitment to supporting high-quality design-led developments across the UK residential market, as well as its continued interest in regenerative projects that enhance UK communities. Beaufort is currently funding a number of residential projects across the UK, with a recent increase in demand from borrowers to further expand their residential development portfolios.<em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beaufort is delighted to announce the completion of a facility to fund the construction of a new multi-unit residential development in Kensington, moments from Hyde Park. The \u00a325m facility will fund the construction of the ten new residences. The homes will feature thoughtfully-designed layouts that incorporate interior and exterior spaces and luxury finishes, while being [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/posts\/466"}],"collection":[{"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=466"}],"version-history":[{"count":1,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/posts\/466\/revisions"}],"predecessor-version":[{"id":469,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/posts\/466\/revisions\/469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/media\/467"}],"wp:attachment":[{"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}