Residential & Mixed-use
Stamford Road,
GDV £28m
Units 50
Deal Duration 26 months
Build Type self build
Stamford Road, London

This development which is located in Tottenham, in the borough of Haringey NE London, will add 48 apartments and 2 commercial units to an area experiencing increased demand brought on by the new £1bn Tottenham Hotspur Stadium, and its surrounding £60m regeneration. With a gross development value of £28m, the scheme which already has planning permission will have dual aspect views overlooking an internal courtyard space and the external surrounding area.

How this scheme is making a difference

In keeping with the residential street setting, this scheme is a low rise 3- 6 storey development. 43 of the 48 apartments fall within the Govevrnments Help to Buy Scheme. The developer is also incorporating 6135sq ft of affordable commercial space rated BREEAM ‘very good standard’ on the ground floor, let at 50% of market rent to local businesses nominated by the local authority. The scheme will have an inner courtyard with trees and a wildflower garden, which will also act as an exercise area. Natural sunlight will reach every apartment thanks to inset balconies, designed to promote mental health and residents well being.

Alongside its impressive social considerations, Maslow is delighted to see how this developer has incorporated sustainable practices into the buildings design to better its environmental impact. Renewable technologies, PV panels and air source heat pumps will be used to beat the scheme’s minimum carbon emission targets by 36%. Along with bird boxes and green roofs, additional planting will increase the number of species on the site from 0 to 13 and provide valuable habitat and foraging for local wildlife. In support of the local community and environment, this developer has approval to upgrade the adjoining park, which will include opening up the area, adding new play equipment and planting beautiful new trees.

The year 2020 was probably one of the worst years ever for raising a loan for a development. The year saw multiple lockdowns, staff on furlough, uncertainty in the financial markets and a lack of confidence in the business world. We were therefore very lucky to have the support of the Maslow team to hold our hands through this turbulent period and successfully guide us through the system. They were personable, maintained communications, were very reassuring and above all got the job done, ensuring that the loan agreements were signed and sealed before the deadline.
John Gray – Chairman of the Diamond Build Group

Emma Burke

Head of Origination

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