Ingenious Real Estate has provided a £21m loan to fund the development of residential property at Villiers Point, Kingston and a further £19m to construct office space in London’s Southwark district. Ingenious has now deployed over £250m in UK residential and commercial loan facilities since its inception in 2014.
Villiers Point, Kingston: Ingenious Real Estate has provided a loan of £21m to Ensco Homes Limited to assist with the development of 50 properties, including a ground floor pre-let commercial building, 10 affordable housing properties and 39 private units.
The deal was introduced by broker John Philips of Kingswood Associates.
Southwark: The team has also provided a loan of £19m to construct 39 flats and 24,000 square-foot of office space in London’s Southwark district.
The scheme includes a large amount of initially unlet commercial space which demonstrates Ingenious’ ability to provide bespoke and flexible financing for high quality and diverse schemes in the UK.