Development finance lender Atelier has completed a £37.7m loan to fund Sheen Lane’s permitted development conversion of 200 Hammersmith Road into 118 new residential apartments.
The loan was structured at 70% loan-to-gross-development-value (LTGDV) over a 15-month term.
London delivered fewer than 5,000 private construction housing starts in the first six months of 2025 – a stark reality considering the capital should be delivering 440,000 new homes of the Government’s 1.5 million target over this Parliament.
Paul Silva, chief financial officer at Atelier, said: “We’re pleased to be supporting Andrew and the Sheen Lane team again as lender on this well-located permitted-development scheme in Hammersmith.
“We have been involved with the asset for some time, and with financing now in place we look forward to supporting the delivery of a well-designed office-to-residential conversion that will provide high-quality rental accommodation in a prime location.”
Andrew Cooper at Sheen Lane Developments, added: “We are delighted to be working with Atelier again on what is the first Permitted Development scheme of scale to be approved within Hammersmith and Fulham.
“200 Hammersmith Road is an exemplar conversion project being an attractive, well-constructed building in a sustainable and desirable residential location. We are excited to get going and Atelier’s market leading Day One advance will allow us to get ahead in the delivery of this landmark project.”
