Maslow Capital has provided development financing totalling £238 million for a joint venture. This joint venture is formed by Arada London and The Shaw Corporation and is developing a mixed-use project in Southwark, London.
The financing is earmarked for the Devonshire Place project, which will be built on Old Kent Road. It comprises a total of 941 purpose-built student accommodation beds and 200 affordable housing units. The development underscores continued investment in student infrastructure and housing in Greater London.
Significance for the Local Property Market
This undertaking contributes to meeting the demand for high-quality student accommodation in London, a city with a high density of educational institutions. Simultaneously, the creation of 200 affordable homes addresses the ongoing demand for affordable housing in the metropolis. Old Kent Road is located in an area undergoing significant development and regeneration efforts.
The provision of such extensive financing by Maslow Capital demonstrates confidence in the long-term profitability of such projects and in the development potential of the Southwark location. It reflects the continued attractiveness of the British property market for institutional investors and developers.
Project and Partner Details
Arada London and The Shaw Corporation are experienced players in the UK property development sector. Their collaboration on Devonshire Place enables the realisation of a complex project that integrates both commercial and social aspects. The combination of student housing and affordable homes meets modern requirements for urban developments that cater to diverse needs.
- —Financing amount: £238 million
- —Number of student beds: 941
- —Number of affordable housing units: 200
- —Location: Old Kent Road, Southwark
