Senior debt facility to fund acquisition and development. The site is the former bus station at Market Street, Bracknell, Berkshire. The town’s brutalist concrete structures have not aged well, and the area has undergone an extensive, phased regeneration project costing over £0.75bn, making it one of the largest urban regeneration schemes in the UK. The site is being redeveloped to provide 242 residential units (181 private, 61 affordable) across two blocks, plus 2,680 sq ft of offices and 184 parking spaces. Of the 242 apartments, eight are studios, 135 are 1-bedroom and 86 are 2-bedroom units.
The developer, SevenCapital is one of the largest privately owned real estate investment and development companies in the UK.
Commenting, Damien Siviter, Director, Seven Capital:
At SevenCapital, we are committed to delivering every project we undertake to a very high standard and are proud to boast a strong track record of doing so. Therefore, it’s essential we choose partners who are accomplished, with equal values and dedication to ensuring that our schemes continue to deliver the market-leading quality for which we have become renowned. Urban Exposure proved a perfect fit, with a strong track record of providing lending and support to residential developers and housebuilders. Likewise, we look forward to working with Urban Exposure more in the future.