EcoWorld and Poplar Harca ink £36m dev loan

EcoWorld London and Poplar Harca have secured a £36m development loan from Lloyds Bank for the next phase of Aberfeldy Village in Poplar, E14. The three-year facility will deliver 223 flats for market sale, a community centre and retail space in phase 3B of the East London scheme. Aberfeldy Village comprises 1,176 flats across six phases developed by EcoWorld London and housing association Poplar Harca. The scheme has already delivered 678 homes, with a mix of private sale, build-to-rent and affordable homes. Lloyds Bank has funded 445 homes for open-market sale, providing more than £60m in development finance since the development launched in 2013. Sam Shah, director at Lloyds Bank’s real estate and housing team, said: “We have been supportive of Aberfeldy Village from the very beginning, with this being our fourth development loan to support the delivery of further high-quality housing for Londoners, and which we’re pleased to have completed despite the challenges created by Covid-19.” To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette