Main UK developer SevenCapital has secured a £30.5 million funding finance facility from specialist lender, Alpha Property Lending for its central Bracknell growth, The Grand Alternate. The funding will help SevenCapital within the sale strategy of the lately accomplished scheme.
Already greater than 75% bought previous to completion, gross sales have remained robust since completion on this groundbreaking new growth within the coronary heart of the Berkshire city. That includes a complete of 242 prime quality studios, one- and two- bed room residences, The Grand Alternate is exclusive amongst residential developments within the space, providing a number of resident-only facilities, together with a health club, backyard room, shared workspace and bookable eating and therapy rooms.
Situated off Market Avenue, the event is ideally positioned simply minutes’ stroll from each The Lexicon Purchasing centre and Bracknell prepare station, with key facilities and an abundance of inexperienced parkland additionally inside simple strolling distance.
Mert Zabci, Head of Business Lending at Alpha Property Lending, commented: “It has been an excellent expertise to work with the workforce at SevenCapital who’ve been clear and industrial all through. The numerous variety of gross sales already achieved at The Grand Alternate inside just a few weeks of sensible completion is testomony to the power of the scheme, permitting reasonably priced, high-quality models, permitting entry to London in simply over an hour. We stay up for working with SevenCapital on this scheme and others.”
Damien Siviter, Group Managing Director at SevenCapital, added: “We’re happy to enter into this funding settlement with Alpha Property Lending. The event has confirmed extremely fashionable up to now as a consequence of its glorious providing and site and this facility will present a lot wanted help in realising this venture to its fullest potential now it has reached sensible completion. We stay up for a optimistic and rewarding partnership with Alpha Property Lending each now and sooner or later.”
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