Finance

Downing Living secures £227m loan for Manchester scheme

By 2023-01-23T10:59:00

Downing First Street

Real estate lending platform Precede Capital Partners and global financial services group Nomura have provided a £227m development loan to Downing Living.

The four-year facility to the residential-focused division of property developer and operator Downing will be used to finance the construction of First Street, a multifamily scheme in Manchester.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue