None of the information provided is investment or tax advice.
You should always read the associated risks before deciding whether to invest. These can be found on the product pages as well as in our risks overview.
Please confirm you have read the information above.

Confirm

Welcome to Downing LLP

Other
plus icon
document search icon 3
23/5/2023
5
min read

Downing closes £25 million Peckham development loan

No items found.
Downing
Downing

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

asdasd

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

http://ww.w.goooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooogole.comdadsdasdas

  • asd
  • asd
  1. asdasd
  2. asd
  1. asd

asdasd

Responsible investment manager Downing LLP is continuing to deliver strong growth despite tough economic conditions with the completion of a £25 million development loan.

Its Property Finance team is expanding its support for UK property developers with funding for a development in Peckham, London - which will see 91 residential units built including 59 for private sale and 32 for affordable housing and shared ownership.

The properties have been designed to be energy efficient and will include onsite air source heat pumps and solar PV capabilities.  

The loan supports development at a site in a residential area of Peckham, immediately overlooking Peckham Rye Park and Common.

It is the third deal Downing has completed with this client and includes funding for purchasing the site and demolition of existing residential apartment blocks which have been the subject of several applications for refurbishment and part demolition.

Downing’s Property Finance team deploys funds from investors as secured loans to property developers, delivering residential-led schemes nationwide as well as non-speculative commercial developments, and specialist sub-sectors such as student accommodation.

Downing believes its investors can benefit from debt investment secured against property development projects and wholesale lending opportunities by targeting attractive yield through a “safety-first” lens, focusing on relationship-based sourcing and working with experienced counterparties.  

Parik Chandra, Partner and Head of Specialist Lending, Downing LLP, said: “We are particularly pleased that the Peckham development will provide a mix of properties for private sale and affordable housing while substantially upgrading the existing development.  

“The market remains very competitive despite the current challenging economic conditions, but we are always looking for opportunities and focused on working in partnership with developers who have strong track records.”

Click here for more information on Downing Property Finance

Share
https://downing.co.uk/insights/downing-closes-ps25-million-peckham-development-loan

We're here to help

If you are a financial adviser, or discretionary fund manager call 020 7630 3319 or email us at sales@downing.co.uk

If you are a private investor call  020 7416 7780 or email customer@downing.co.uk