£76.4 million speculative mixed use development of offices, retail and residential. 
This mixed use development is located in a well-known Southern England town.

The office (50,000 sq.ft) and retail (14,000 sq.ft) are being built speculatively.  Whilst the residential element is also speculative the construction, marketing and sales have been contracted out to a leading UK house-builder who is funding the construction costs out of their own resources.

The actual loan to the developer is £26.4 million.

The commitment from the house-builder created extra value in the site. This enabled CLP to negotiate with the lender for the developer to recoup some of his upfront costs.

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