ASK has provided a senior loan facility to AIM-listed property developer Conygar, which will be used to fund the next stage of their 12-phase masterplan for the Island Quarter in Nottingham. The plans propose 3.5m sq ft of residential, office, PBSA, hotel, bioscience and leisure uses and a 693-bed PBSA scheme is already under construction.
ASK lends £12m for the Island Quarter in Nottingham
Elliot Blatt, Head of Origination at ASK, said:
“It was a pleasure to work with the team from Conygar and provide finance to enable further progression of this ambitious masterplan. The location of the site is excellent and we are fully supportive of their intentions for its development.”
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