Specialist real estate finance provider, Maslow Capital, has provided a £122million development finance facility to Definition Capital, supporting the delivery of a major mixed-use regeneration scheme in Abbey Wood, South-East London.
The scheme, located on Eynsham Drive within walking distance of Abbey Wood Station and the Elizabeth line, will comprise four blocks ranging from three to 17 storeys. It will deliver 487 co-living units supported by shared resident amenities such as lounges and workspaces, alongside a new 110-room hotel. The PDSA Pet Hospital will also be re-provided on-site.
Introduced by debt advisor Mantra Commercial, the project is expected to contribute to the ongoing regeneration of Abbey Wood and Thamesmead, an area identified as an Opportunity Area with capacity for 8,000 new homes and 4,000 jobs.
Irfan Hussain, director at Definition Capital, commented: “We are pleased to bring forward this ambitious mixed-use scheme for Abbey Wood, combining well-managed rental homes, a high-quality hotel, and community facilities on a single site. As a repeat client, we were pleased to partner with Maslow Capital again; their clarity, pace and depth of experience, working alongside our debt adviser, Mantra Commercial, helped us navigate a complex structure and move decisively to completion. We look forward to delivering a scheme that adds lasting value to the area with their continued support.”
Nick Neophytou, managing director at Mantra Group, commented: “This is a landmark scheme that will help reshape Abbey Wood and bring high-quality living and hospitality to the area. It has been a privilege to advise Definition Capital, as it leads the way in delivering much-needed high-quality co-living developments for the UK.”
“We handled both the insurance and the debt side of this deal and analysed the market for the best lender. Maslow Capital was identified as the ideal partner due to its sector knowledge, pragmatic approach and commitment to getting the deal over the line, as well as its ability to handle complex, large-scale developments. The structure of this deal is unique and pulling it together in this way will continue to help ensure that the project comes to fruition and is a success.”
Sky Mapson, senior director of origination at Maslow Capital, commented: “We are delighted to back Definition Capital on this flagship scheme. As a repeat client, they bring strong delivery credentials, and the project’s amenity mix, and connectivity make a compelling proposition for residents.”
