West One

Coppergate and West One Loans fund sustainable development in Hackney

Coppergate Property and West One Loans have teamed up to fund the construction of seven new residential units in Hackney, east London.

A London-based developer – which purchased the property in January – intends to deliver the sustainable development with a high-quality residential building (pictured above).

Coppergate provided more than £700,000 of equity via a joint venture agreement with the developer to secure the property, while West One Loans delivered £2.68m of senior debt. 

The scheme will comprise one-, two- and three-bedroom units as well as associated bike storage and landscaping. 

“Hackney has been a real hotspot for the last few years and we are delighted to team [up] together for what will be a very popular product in an area of high demand,” said Charles Fletcher, development director at Coppergate.

Charlie Bryant, CEO at Coppergate, added: “This scheme is providing exactly what the local market is calling out for: intelligently designed units aimed at the Help to Buy market.”

Guy Murray of West One Loans said it was excited to support the purchase and development of the scheme in a vibrant part of east London.

“This was the right type of project for us and a strong partner in Coppergate. 

“We’re all looking forward to seeing the finished development and working on future projects with [its] team.”

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