Octopus Real Estate has agreed to provide Matching Green with a £29.6 million loan for the ground-up development of a mixed residential and commercial site in Bermondsey, London SE16.
Full planning permission has been granted for the development of 111 apartments, and six commercial units.
Gavin Eustace, Head of Residential Development at Octopus Real Estate, commented: “The strong location of this scheme makes it an attractive choice for both residential and commercial development. The commuter links and the proximity to The City of London will make the development an appealing option to future residential and commercial tenants. London remains an attractive investment opportunity for developments and demand is still high.”
James Allen of Matching Green, added: "We are delighted to have secured lending from Octopus Real Estate, whose practical and flexible approach has allowed us to take further steps towards the development of this exciting project. Neighbourhoods in London such as Bermondsey continue to be sought after locations for residents and businesses, and so we believe this development will provide us with an opportunity to meet the needs of both."