HUB gets £62m for Croydon resi scheme

Residential developer HUB and investor Bridges Fund Management have agreed £62m in funding from L&Q to deliver 172 homes in Croydon. L&Q will fund and acquire two blocks of 13 and 19 storeys, comprising 84 and 88 flats, at Taberner House. The 513-home scheme is spread over four blocks and offers a mix of rental and shared ownership homes and flexible ground-floor commercial space. L&Q will provide homes for shared ownership and London living rent tenure, driving the overall affordable provision up to 50%. Some 90 homes have already been rented via the council’s affordable homes initiative. The scheme, designed