ASK has provided a £19.8m senior development facility to Compound Real Estate to support the delivery of its mixed-use self-storage scheme in Guildford.
ASK lends £19.8m for mixed-use self-storage scheme in Guildford
The facility refinances the existing acquisition loan and will support the development of a 60,450 sq ft scheme incorporating self-storage, retail, maker space and flexible office accommodation.
Jacob Sandelson, Founder and CEO of Compound Real Estate, commented:
"This financing is an important milestone for Compound and supports the delivery of our flagship Guildford scheme. The scheme occupies one of the most prominent locations in the town and will provide a best-in-class self-storage facility alongside complementary retail and office space. ASK understood both the opportunity and our long-term ambitions, making them a natural funding partner for the next stage of our growth."
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