Co-investment venture consisting of prime central London residential development.
| Total Capitalization: | £39.0 million1 |
| Number of Properties: | 1 |
| Investor: | Foreign Investor |
| Total Equity: | £9.1 million |
| Investor: | £8.2 million (90%) |
| Operator: | £0.9 million (10%) |
| Leverage: | 77%2 |
| Term: | 3 - 4 Years |
| Closing Date: | March 2003 |
| Press Release: | Download |
1 Projected gross development cost including financing.
2 Based on no leverage before granting of residential planning permission.
60% loan-to-value leverage is assumed post granting of planning permission.
2 Based on no leverage before granting of residential planning permission.
60% loan-to-value leverage is assumed post granting of planning permission.