Silbury Finance has backed developer Kingsbridge Capital’s next office-to-resi conversion with a £24.7m senior loan.
The Oaktree Capital Management-backed development lender offered the 20-month facility at 88% loan to cost.
Kingsbridge is turning the 100 The Ring office block in Bracknell, Berkshire, into 150 studio and one-bedroom flats. The first homes will be finished in the second half of 2024.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
