Hilltop Credit Partners completes £8.7 million loan for newbuild residential-led development in Leicester city centre
• Funds advised by Hilltop Credit Partners Limited (“Hilltop”) have provided a development finance facility of £8.7m to Mitchian Alliance Limited
• Funds will be used to develop 69 residential units and one retail unit by the Waterside regeneration project, located a 10 minute walk from Leicester city centre
• Leicester City Council has strictly controlled the provision of newbuild housing within the local area, creating favourable supply/demand dynamics for the new units
• To date, Hilltop has provided approximately over £100m in lending commitments to SME developers to fund the construction of over 400 residential units across UK
(firmenpresse) - London, 11th January, 2022: Funds advised by Hilltop Credit Partners, a specialist funding partner for SME residential developers, have completed an £8.7m loan to Mitchian Alliance Limited for the development of 69 residential units in central Leicester.
The project will deliver 53 one-bed and 16 two-bed flats and a small ground-floor retail unit next to the Waterside regeneration project, just 10 minutes from the city centre and less than a mile to Leicester train station. All residential units feature bedrooms with Juliet Balconies and are priced within the government’s regional Help To Buy limits.
As part of the regeneration of the local area, which is expected to benefit from c. £80m of new investment, Leicester City Council is strictly controlling the provision of newbuild housing, creating what Hilltop believes to be a favourable supply/demand dynamic for the development.
The average price of flats in Leicester has increased by c. 13% over the last 18 months, while supply of properties for sale in the area is low, currently standing at
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Datum: 11.01.2022 - 13:42 Uhr
Sprache: Deutsch
News-ID 653530
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contact information:
Contact person: Courtney Dean
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Phone: 01522883640
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