Maslow Capital completed this £19.8m senior financing package, supporting Marson Property’s 72-unit residential scheme and its surrounding ecological habitat park in the London borough of Haringey. Haringey is a popular residential location within London with strong transport connections to Central London and a forecasted five year house price increase of 27%.
Maslow Capital are proud to support this innovative scheme, which is set to revive disused railway land, creating an ecological habitat park in the vicinity of the project that will support local and protected species through the establishment of wildflower and long grass meadows, wildlife friendly planting of fauna and a small pond. The ecological park will be separated from the neighbouring residential development using fencing and hedgerows, with special access given to conservationists.
This carefully planned project, which was introduced to Maslow by Seaford Finance LLP, will consist of 72 units spread across four blocks, ranging from 5-6 stories, each positioned on top of a grounded stone plinth. Of the 72 units, 16 will be affordable. At ground floor, gabion walls will create a sturdy base that helps bed the scheme into the landscape. Cedar shingle cladding will be installed to reflect the ecological setting. Green roofs will also offer habitat for existing ecology.
Residents of the property will have access to electronic car charging points, 29 parking spaces at semi-basement level and storage for 130 bicycles. Continuing with the project’s environmental commitments, the completed scheme will reduce its energy reliance through the use of a combined heat and power system and solar panels.
Ellis Sher, Co-founder & CEO at Maslow Capital, said: “It is important we understand that our lending practices and allocation of capital have positive wider environmental and social impacts. We are delighted to support this project which has an affordable housing element and purposeful environmental considerations that integrate the scheme with its surroundings and reduce its overall energy reliance. We will continue to welcome projects with these forward-thinking characteristics.”
Sky Mapson, Deal Origination at Maslow Capital, said: “We were delighted to work with Marson Property and their introducer, Seaford Finance on the financing of this project. The scheme has strong ESG credentials and will provide much needed housing in the London Borough of Haringey.”
Mark Schwimmer, Director of Investment & Developments at Marson Property said: “Maslow Capital demonstrated an excellent and in-depth understanding of the sustainable nature of our Plevna Crescent development in Haringey. From Origination to credit sign off and portfolio management, their experienced team have been consistently in-tune with our ambition to deliver a residential development that not only helps to meet the demand for local housing, but also delivers an environmental net gain by focusing on the broader needs of the local community and environment. We are hugely excited by the progress that is being made on site, as we advance our revival of previously disused railway land and move to create an ecological habitat park in the vicinity of the project that will support local and protected species. Alongside our project’s significant number of car charging points and storage for 130 bicycles, Maslow was very supportive of our adoption of solar panelling and a combined heat and power system which will significantly reduce our project’s energy reliance whilst increasing the resilience of this asset well into the future.”