H2O secures £14m forward funding deal for sheds and beds development

H20

H2O Urban will bring forward the development of a Premier Inn hotel and a branch of builder’s merchant Travis Perkins in Batchworth Lock, Hertfordshire, after securing £14.1m of forward funding.

The development company, which is a joint venture between bloc Ltd and Canal & River Trust, has secured the investment, which reflects a 4.25% net yield, from a UK private property company.

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