Close Brothers Property Finance funds Chase New Homes with £48m for Brent Cross regeneration

Close Brothers Property Finance has provided a £48m loan to Chase New Homes, supporting the construction of 213 private homes as part of the Brent Cross Cricklewood regeneration in North London.

The funding will facilitate the first residential phase since the opening of Brent Cross West station, which offers a 12-minute connection to central London.

The development encompasses a mix of one, two, and three-bedroom apartments across three buildings, all featuring either a balcony or terrace and access to communal gardens.

Neil Bradford, senior business development manager at Close Brothers Property Finance, expressed satisfaction with the longstanding partnership with Chase New Homes, noting: “We are delighted to be supporting them on such a landmark and prestigious scheme and look forward to continuing our relationship as they continue to grow.”

Gary Barton, managing director of Chase New Homes, also commented on the collaboration: “Close Brothers Property Finance’s personalized, customer-centric approach to lending makes them an ideal trusted and long-term financial partner. With their support, we’re excited to get the new development at Claremont Road underway and help to build this new and vibrant community.”