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Asset:
Wheat Quarter, Welwyn Garden City
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Loan Amount:
£21m
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Year:
2019
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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.
