Senior debt facility to fund the refinancing and development of a high profile freehold site known as ‘Napier Gateway’. The 6.9 acre site is located near Luton airport and approximately one mile from the town centre. The development comprises 785 residential units, retail and leisure, a 209-bedroom hotel, a medical wellbeing centre, together with landscaping, car parking, new access and associated works.
Strawberry Star Group, established in 2007, is an international property company specialising in capital, acquisitions, development, sales, lettings, management and asset management of London property to local and international investors. It has completed a number of large mixed-use developments in London.
Commenting, Kekul Shah, Director, Capital, Strawberry Star:
“We are delighted to be partnering with Urban Exposure on a development with such immense potential … We are pleased to have found a supportive partner to help us fulfil our vision for volume housing in the London commuter belt. We look forward to working with Urban Exposure on this project, and hopefully many others, in the future.”