Maslow Capital has provided a £122m development finance facility to Definition Capital to support a major mixed-use scheme in Abbey Wood, South-East London.
The loan, arranged by debt adviser Mantra Commercial, will help deliver a 487-unit co-living scheme, a 110-key hotel and a new pet hospital.
The project is close to Abbey Wood Station and the Elizabeth line.
It will include four blocks from three to 17 storeys with co-living units, shared lounges and workspaces, a hotel and a new PDSA Pet Hospital.
The scheme forms part of the ongoing regeneration of Abbey Wood and Thamesmead, which is an Opportunity Area with capacity for 8,000 new homes and 4,000 jobs.
Irfan Hussain, director at Definition Capital, said: “We are pleased to bring forward this ambitious mixed-use scheme for Abbey Wood, combining well-managed rental homes, a high-quality hotel, and community facilities on a single site.
“As a repeat client, we were pleased to partner with Maslow Capital again; their clarity, pace, and depth of experience, working alongside our debt adviser, Mantra Commercial, helped us navigate a complex structure and move decisively to completion.
“We look forward to delivering a scheme that adds lasting value to the area with their continued support.”
Nick Neophytou, managing director at Mantra Group, said: “This is a landmark scheme that will help reshape Abbey Wood and bring high-quality living and hospitality to the area.
“It has been a privilege to advise Definition Capital, as it leads the way in delivering much needed high-quality co-living developments for the UK.
“We handled both the insurance and the debt side of this deal and analysed the market for the best lender.”
Neophytou added: “Maslow Capital was identified as the ideal partner due to its sector knowledge, pragmatic approach and commitment to getting the deal over the line as well as its ability to handle complex, large-scale developments.
“The structure of this deal is unique and pulling it together in this way will continue to help ensure that the project comes to fruition and is a success.”
Sky Mapson, senior director of origination at Maslow Capital, said: “We are delighted to back Definition Capital on this flagship scheme.
“As a repeat client, they bring strong delivery credentials, and the project’s amenity mix, and connectivity make a compelling proposition for residents.”
Rachael Gordon, head of deal execution (UK & Europe) at Maslow Capital, said: “London’s professionally managed rental stock remains constrained relative to demand, particularly in well-connected locations.
“This scheme adds much-needed capacity with the right specification and amenities, positioning it well for lease-up and long-term operational resilience.
“Together with Mantra Commercial, we have created a bespoke finance package that protects all parties to the deal against changes in the financial and development landscape, while also reducing paperwork and administrative time.”
Gordon added: “Importantly, it is a package that helps deliver living spaces for people who need a place to live in a thriving part of London.”
