Market Leads & Opportunities
Silbury backs major schemes with £43m
Silbury Finance has provided two senior loans – totalling £43m – to fund the development of a pair of residential schemes, including one in the South West.In Bath, Silbury has provided a 30-month loan totalling £19.3m for the development of 95 one, two and three-bedroom homes for sale.Occupying a prominent riverside location on the edge of the city centre, the scheme is expected to complete in early 2024 and will also include a flexible workspace offering and gym.In Aldgate, London, the company has backed WMG Aldgate with a 34-month deal amounting to a £23.8m development loan.The facility will fund the construction of a 17-storey tower comprising 49 residential units and 2,850 sq ft of commercial space, which will be brought forward by Unique Property Group.Both loans include a discount on the exit fee for the borrower if the schemes meet certain sustainability criteria.
More Market Leads
- Committee to decide on more than 100 homes in Somerset
26 Feb 25
Plans for more than 100 homes in Somerset will go before committee today (25 February). - Funding for Argyll and Bute housing projects
26 Feb 25
The UK Government has committed to delivering a package of support from the CRP to Argyll and Bute Council totalling £20.34 million. - Lead developer sought for city centre redevelopment
26 Feb 25
Hull City Council says it has taken a step forward on its redevelopment of the former BHS building in the city centre.
- In association with::
