Octopus Property provide Sanabil with £12.7m loan for Chiswick site

Saudi Arabian investor Sanabil have been provided with a £12.7million loan from Octopus Property to fund the acquisition of a residential development site in Chiswick.

Proposals for the site, on Chiswick High Road, include 21 one, two and three-bedroom apartments, alongside a 4,300 sq ft commercial unit and a basement car park. Mayfield Property Group has been appointed development manager and construction is expected to take 18 months.

Gavin Eustace, head of residential development at Octopus Property, said: “This is a well-located site in a sought-after residential area, where we anticipate strong demand for the completed units.

“Working alongside a developer who is backed by a construction company with a proven track record and extensive experience in delivering schemes across the capital gives us added confidence. We look forward to working with all parties on future developments.”

This entry was posted in CWL News. Bookmark the permalink.