Greystar Real Estate Partners has announced the close of a circa £600 million (€716 million) debt facility for the Bermondsey Project, a development that will provide 1,624 new homes for rent in South London.
The loan was secured from a consortium of four lenders: Standard Chartered Bank (SCB), First Abu Dhabi Bank (FAB), Oversea-Chinese Banking Corporation (OCBC), and Emirates NBD (ENBD).
Construction began earlier this year, with the first homes expected to be ready for occupation in the Autumn of 2025 and the whole scheme expected to be complete in the second half of 2027.
Source: propertyeu.info on the 9th of October