A joint venture acquiring properties in London’s Notting Hill formerly used to house women in need has struck a new financing deal to back the transaction.
Development Capital London, a joint venture between developer Bodker & Co and architectural and design studio Echlin, has agreed a £22.7m senior loan from Ask Partners to fund the acquisition of five freehold period properties on Lansdowne Walk, W11.
The properties are being sold by a charity which rehouses women in need, which will be relocating its operations.
Bodker & Co founder Chris Bodker said the partners would now be focusing on “clever design, substantial refurbishment and restoration” with which they can “create beautiful living spaces in these elegant buildings”.
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