NatWest provides £59m for new mixed-use developments



High street lender NatWest has provided £59m of funding to real estate developer Solum to build new mixed-use developments near two train stations.

The train station developer – a joint venture between Network Rail and Kier Property – will deliver 79 private apartments above an improved station car park in Walthamstow.

Walthamstow is in the second phase of a larger development carried out by Solum, which provided 69 new homes in the first phase, of which 50% were affordable.

The funding will also be used to build 115 new homes, a new retail space, car parking, electric car charging points and over 450 cycle spaces in Twickenham.

The new station will feature lifts to the platforms, a larger ticket office and new pedestrian links.

Peter Hughes, director for Solum, said: “These developments will bring value to the underused station land at Walthamstow and Twickenham, significantly enhancing the area as a result.

“NatWest has been instrumental to us in moving forward with the latest developments, and we look forward to working with them again in the future.”

Ashley Toy, director at NatWest Real Estate, said: “NatWest is proud to continue to support Solum as they continue to provide much-needed station upgrades and housing across the country.

“Our funding reflects the consistent and sustainable approach NatWest has to providing finance in the residential development sector, building on the first two Solum projects funded in 2010.”



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