£76m debt funding to Great Marlborough Estates to finance the redevelopment of Empire House, a vacant office block on Chiswick High Road, and Essex Place, which sits behind Chiswick High Road,
The development will see a total of 137 homes delivered, with a range of apartment types and townhouses provided. Demolition works have already started on-site, with practical completion expected in Q4 2023.
The three-year whole-loan facility was originated, arranged and funded by Precede Capital in partnership with global investment firm Carlyle and funds managed by global alternative asset manager Apollo Global Management (“Apollo”).
Great Marlborough Estates, a RIBA award-winning developer, engaged Assael Architecture for the design. The development will be sympathetic to the surrounding area, drawing inspiration from the red-brick buildings and greenery of Chiswick High Road, with a distinctly contemporary look.