Privately held investment firm Cain International has agreed an £86 mln (€100 mln) development loan with BauMont Real Estate Capital and YardNine for the development of a sustainable office property in central London.
The 95,000 ft2 (8,825 m2) scheme at 100 Fetter Lane will be known as Edenica.
The asset was acquired by BauMont in January 2021 with development partner, YardNine, and is located in City mid-town, in close proximity to Farringdon.
The asset received planning consent in September 2021 for the delivery of a new 12-storey development, with over 8,000 m2 of roof gardens, a new pedestrian route and garden square at ground level, plus 230 cycle spaces.
It has been named Edenica for its extensive outdoor spaces which form part of the scheme and adjoin it. The project is targeting BREEAM Outstanding, WiredScore, SmartScore and WELL certifications.
Source: propertyeu.info on the 27th of June