London:
  • Finance:

    Wheat Quarter, Welwyn Garden City

  • Loan Amount:

    £21m

  • Year:

    2019

  • Client:

    ZM Land

  • The Wheat Quarter is an 11 acre brownfield site located adjacent to the Welwyn Garden City railway station.
  • The site has detailed planning consent for the development of a residential-led scheme comprising  697 residential units, 114 retirement units and 130,000 sq ft of commercial space.
  • BBS was instructed by ZM Land & Capital to arrange a short term facility to refinance an existing loan and to release further capital to the group.
  • We arranged a competitively priced bridging facility with Octopus Property to meet the client’s requirements.