Octopus provides £28m loan for Ilford office-to-resi scheme

Octopus Real Estate has provided a £28.4m refinancing facility for LMSL Group’s office-to-residential refurbishment at Charter House in Ilford. The 106-home development at 450 High Road comprises a mix of one-, two- and three-bedroom apartments. It is located between Ilford and Seven Kings, in the London Borough of Redbridge, within walking distance of the new Crossrail station. The facility will refinance the development loan to enable the refurbishment of the former office building, with completion expected in July 2019. It is secured by way of a first charge on a 24-month