Maslow Capital provided a £74 million development loan to fund a landmark Build-to-Rent (BTR) project in Basildon town centre. The scheme will be delivered by a joint venture between Orwell Real Estate and Housing Growth Partnership (HGP), comprising 492 residential units, 1,218 sq m of shared residential amenities, and 1,651.7 sq m of commercial space, significantly contributing to Basildon’s £600m regeneration masterplan.
The development, located near Basildon’s main train station, will comprise three interconnected mid-rise towers ranging from 12 to 17 storeys, connected via a ground-floor podium. Offering a mix of one- and two-bedroom apartments, the scheme will provide extensive amenities, including five outdoor terraces, a gym, and co-working areas. The site’s proximity to major transport links enables convenient access to central London within 35 minutes, making it an attractive option for commuters.
This Build-to-Rent scheme represents a positive response to Basildon’s housing undersupply, currently estimated at approximately 53%, according to Basildon Borough Council’s latest Five Year Housing Land Supply Update (2024–2029). Beyond meeting housing needs, the scheme will target an EPC rating of A or B and integrate renewable technologies such as Air Source Heat Pumps, highly efficient LED lighting, and an ambient loop system for heating and hot water, reflecting a strong commitment to sustainability.
The project has been forward-sold to Starlight Investments, highlighting its attractiveness to institutional investors engaged in the UK’s flourishing Build-to-Rent sector.
The £74 million loan was introduced to Maslow Capital by Karis Capital, a Real Estate Debt Advisory that Maslow Capital holds a longstanding relationship with.
Deal Team:
Emma Burke
Jack Ryan
Emma Burke, Head of Origination at Maslow Capital, commented: “We are delighted to support this bold vision for Basildon’s regeneration, marking another milestone in Maslow Capital’s dedication to forward-thinking, sustainable developments. This is an exciting opportunity in a thriving Build-to-Rent market, and we are proud to collaborate with like-minded partners who share our vision for the UK and Europe’s housing supply.”
James Hutchinson, Investment Director at Housing Growth Partnership commented: “At HGP, we believe in backing ambitious projects that not only address local housing shortages but also enhance the quality of life for residents. By partnering with Orwell Real Estate, we are supporting a transformational Build-to-Rent development that accelerates Basildon’s town centre regeneration story.”James Hutchinson, Investment Director at Housing Growth Partnership
Craig Scott, Managing Director at Karis Capital commented: “Facilitating the capital for a landmark project like this exemplifies Karis Capital’s commitment to supporting high-impact developments brought forward by experienced sponsors and backed by a funding partner with a leading reputation. We’re proud to support this transformative project, fully confident that it will address Basildon’s urgent housing needs while setting a strong precedent for future regeneration efforts.”
