Commercial Refurbishment Loans News:- Berkeley Homes (South East London) Limited will be soon coming up with a fully developed new project in London. The project will mark a redevelopment of the former site, that is, South Quay Plaza, 183-189 Marsh Wall, Tower Hamlets, and London, E14 9SH. According to the detailed scheme of the project, two new buildings will be formed on the site that would provide space for a total of 947 units for both residential as well as commercial use.
The residential units will feature 490 one bed houses, 341 two bed houses, 100 three bed houses, and 16 four bed houses, whereas the commercial units will feature 206 hotel beds. The buildings will also grant 128 spaces to be allowed as a parking area. As per the confirmed project plan, the two structures will be 68 storeys each with one storey below the ground. The entire project will be developed on a site area and floor area of 1.33 Ha and 20877 square meters respectively. HZA always looks forward to funding such projects and with the help of real estate commercial refurbishment loans; the project developers will be able to complete the entire project at an estimated value of £90million.
The client will complete the project for 48 months. The client had started developing the project in October 2016, and it is planned to end in October 2020. The architect group of this project includes Foster & Partners as the lead architect company, Berkeley Homes Limited and GVA as the planners, Snapdragon Consulting as the agent, Gillespies LLP and Peter Stewart Consultancy as the landscape architect, and Tower Eight as the Quantity surveyor.
The consultant group of the project includes WSP Parsons Brinckerhoff and David Bonnett Associates. Tower Eight have taken the management responsibility of the project.
The project’s developers and investors can easily gain access to capital from HZA for making this big infrastructure aim a huge success. Moreover, with funding from Hank Zarihs Associates, they can get a high return on investment.
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