Site acquired
20/05/2022 by Buildington
Site acquired
Global alternative asset manager Cheyne Capital Management (UK) LLP has provided a £187m senior loan to LaSalle Investment Management to finance the acquisition and construction of The Waterside, a Regal London mixed-use development in Wembley.
The scheme has been acquired through a structured transaction by LaSalle’s growing Value-Add Investments business line. Regal London will continue as development manager.
The site will be transformed into 759 new homes, 35% of which will be affordable.
The scheme will also include nearly 40,000 sq ft of flexible urban logistics and commercial space and a new publicly accessible green space.
Construction is expected to start by September 2022 and is due to complete in 2025.