UK: Maslow Capital has provided a £115 million development loan for a PBSA and mixed-used development scheme in Camden, north London.
The funding, secured by developer Regal, will support the construction of a 264-bed PBSA scheme, along with 30 affordable residential units and 8,935 square feet of commercial space.
The development, next to the Roundhouse on Chalk Farm Road, will comprise four 12-storey blocks, an external study courtyard, breakout spaces, gym and dedicated study spaces. It will target BREEAM Outstanding certification and other ESG credentials.
Marc Eden, investment director at Regal, said: “This scheme exemplifies our strategy of integrating best-in-class design, ESG leadership, and connectivity to meet the evolving demands of students and residents. The speed and efficiency of this funding process reflects Maslow’s execution expertise and our shared focus on delivering high-yielding, resilient assets in structurally undersupplied markets.”
James Henry, director of origination at Maslow Capital, said: “Maslow is delighted to support another best-in-class developer in delivering what is set to become an iconic landmark in Camden. Both parties brought extensive experience and expertise, ensuring a seamless funding process after agreeing terms. We remain committed to addressing the UK and Europe’s housing shortage, and this project is a prime example of the impact strong partnerships can have in delivering much-needed living spaces.”
