Maslow Capital supports Nuveen Real Estate and QPL with a £63m development loan for Residential Scheme being delivered by Native Land
Specialist real estate development finance provider Maslow Capital has announced the completion of a £63m development loan. The loan will support the construction of New Eidyn, a new prime residential scheme that is being developed by Nuveen Real Estate and QPL, in partnership with development manager, Native Land. New Eidyn features 152 beautifully crafted apartments, within Edinburgh’s wider St James Quarter regeneration project. St James Quarter is one of the most significant city centre transformations currently underway in the U.K. It is a new quarter for the city, with a stunning new shopping galleria housing 80 new brands, an enticing mix of restaurants and bars as well as a luxury W Edinburgh hotel, a boutique Everyman Cinema, and a Roomzzz Aparthotel still underway.
With the entire shell and core of the building already complete, Maslow’s loan will support all of the internal works associated with the 152-unit residential development. New Eidyn will feature stunning views across the Firth of Forth, a private resident’s garden and communal garden room for relaxing or entertaining, and unparalleled residents’ services including a full concierge and 24-hour security. The development is expected to set a new standard for city centre living in Edinburgh.
The scheme is a prime example of city-enhancing place-making and will be a unique and inspiring place to live in and visit. New Eidyn will comprise three distinct buildings that will sit on the fifth to eighth floors of the St James Quarter development, above the retail galleria and adjacent to other amenities such as the W Edinburgh hotel, Everyman Cinema and Roomzzz Aparthotel.
“Maslow Capital are delighted to support Nuveen Real Estate and QPL with the delivery of their ambitious project. Set to complete in Q3 2022, New Eidyn will add 152 well placed apartments to Edinburgh’s iconic city centre, creating a brand new neighbourhood which is surrounded by top class amenities.” Matt Pigram, Partner and Head of Deal Origination at Maslow Capital
“The support from Maslow Capital will enable us to introduce a world-class, modern, city-centre living ethos to Edinburgh in the residential element of St James Quarter, he nearby transport links and close proximity to Edinburgh’s many cultural and leisure amenities will provide residents with the ultimate central and connected city centre living experience.” Adam Shelley, Treasurer at Nuveen Real Estate