ASK has provided a £30.8m co-loan with OakNorth to London-based developer Vabel. The facility is secured against an office building on Queensway, opposite former shopping centre The Whiteley. The site, recently purchased from MARK Capital Management, has planning consent for a beautifully designed mixed-use scheme comprising office, residential and retail accommodation.
Daniel Austin commented:
"Vabel is known for delivering high-quality and sustainable architecture. Their experience and approach puts them in a great position to deliver a scheme that will regenerate this prime area of London as part of a £3bn transformation project delivering over 350 homes by 2026; something which we are proud to be part of."
