Welwyn Garden City, Hertfordshire
Senior debt facility to fund working capital for the Borrower following land acquisition. A high profile site consisting of 10 acres adjacent to the train station, it was formerly the Shredded Wheat Factory which closed in 2008 after 73 years in operation. Part of the former factory and all of the silos are Grade II* listed. The development will comprise 850 dwellings, potentially including up to 80 care home/assisted living units, various retail, commercial, office and leisure uses, together with ancillary amenity space. Several stakeholders including Tesco, Metropolitan Housing Trust and Welwyn Hatfield Borough Council.
The ZM Land team has delivered over 300 planning consents amounting to over 9,000,000 sq. ft of development in the last 20 years.