Cain backs Royal Docks resi

Cain International has agreed a £170m development loan for Ballymore and Oxley’s Deanstone Wharf in the Royal Docks, east London. The scheme comprises 768 flats neighbouring the 40-acre Royal Wharf development, which completed at the end of last year. It is located close to Canary Wharf and the City of London, with nearby transport connections including London City Airport, Crossrail at Custom House and the Thames Clipper via the Royal Wharf Pier. Since the onset of Covid-19, Ballymore has raised £600m in development finance, accelerating the delivery of 1,500 homes in London. Graham Keable, principal at Cain International, said: “We remain confident in the ongoing fundamentals that are offered by gateway cities and believe that well-located developments such as Deanston Wharf will experience increased demand in the years ahead.” Robert Mulryan, group corporate finance and investment director at Ballymore, said: “Deanston Wharf is the most exciting new development in the Royal Docks; bordered by both river and parkland, it offers a unique environment within touching distance of central London.” To send feedback, e-mail emma.rosser@eg.co.uk or tweet @EmmaARosser or @EGPropertyNews Image © Ballymore and Oxley