Featherstone Homes is planning to build a development of 61 apartments and 1600 sqm of ground and first floor commercial space across four blocks of between five and nine storeys.
United Trust Bank is providing 拢20m of funding for the scheme over three years; Featherstone Homes and its equity partner, private debt specialist Global Growth Capital, are providing the additional 拢10m required to complete the project.
Work has begun on site in Silwood Street, Bermondsey, with construction expected to take two and a half years.
It is Beckenham-based Featherstone Homes鈥� largest project to date in its eight years of operations.
Rowan Stewart, director of Featherstone Homes (Southeast) Ltd, said: 鈥淭his is an exciting time for Featherstone. We have ambitious plans to undertake more projects and are actively looking to acquire further residential development opportunities in and around London.鈥�
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