Beaufort is delighted to announce the completion of a mezzanine investment to support a multi-unit residential development in Hampstead, North London, in partnership with a well-established private equity firm.
The development is located within a short walk of Hampstead Heath and the amenities of Hampstead village. Boasting over 19,500 sqft of internal area, the units will be finished to a very high standard with substantial landscaped gardens.
The GDV of the development is anticipated to be in excess of £25m and is scheduled to be completed by Q4 2020.
Joe Flaherty, Director at Beaufort Capital Management, said,
“We are very pleased that this transaction has concluded successfully and look forward to seeing the project take shape over the coming months.
“We were very impressed by the proposals and we are confident that our development partner will deliver an excellent finished product.
“The location is truly outstanding, within walking distance of Hampstead village and the Heath and will appeal to a range of national and international purchasers.”