Barings backs Maida Vale scheme with £54m loan

Money £50 notes

Barings Real Estate has provided a £53.9m loan to Meadow Partners for the development of Hathaway House, a mixed-use scheme comprising residential and commercial space in Maida Vale, west London.

The loan will enable Meadow Partners to construct the 100,000 sq ft mixed office and residential development which will comprise 74 for-sale apartments, including 19 affordable units and 20,000 sq ft office space, of which around approximately 70% has been pre-let to an NHS Foundation Trust on a 20-year lease.

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