The RCF marks the first transaction between Close Brothers Property Finance and gs8 and unlocks a four-acre site that had stalled following the administration of its previous owner.
Kingsbury Park marks the largest single scheme ever funded by Close Brothers Property Finance.
This year’s survey focuses on scheme viability, buyer demand, supply chain pressures, land availability, planning reform and business sentiment.
Close Brothers reported adjusted operating profit of £65.2m for the first half of the year, down from £80.5m last year, and a return on tangible equity of 6.3%.
Heslop joins following a 35-year career at Royal Bank of Scotland and NatWest Group.
Pallickaleth joins from Lloyds Banking Group, where he spent 15 years, most recently serving as relationship director.
The survey from Close Brothers Property Finance, HBF and Travis Perkins found affordability pressures, especially for FTBs, are constraining demand and making it harder for SME builders to bring forward new sites.
The ENABLE Build deal will enable over £700m of development finance lending to SME housebuilders through Close Brothers Property Finance.
The State of Play report 2025/26 from CBPF, the HBF and Travis Perkins found that SMEs said removing current barriers would allow them to increase output by over half.
The deal means Cobra’s broker members across the UK will have access to new exclusive rates and a range of services to support their business.
The move aims to increase lending capacity for UK smaller businesses.