Transactions

Loan secured against a 0.2-acre freehold development site in Chelsea, London. The property is in a very strong location and benefits from planning permission for the provision of 31 new residential units and an element of commercial accommodation

ASK Partners completed a multi-phase financing for a prime residential redevelopment on Lansdowne Walk, Notting Hill, supporting an experienced sponsor from acquisition and planning through to full development funding. The transaction reflects ASK’s partnership approach, providing flexible capital at key stages to unlock value and progress complex development strategies.

In March 2023, ASK, alongside OakNorth Bank, provided a £22.75m senior acquisition and planning facility secured against two freehold properties at 2–4 and 12–14 Lansdowne Walk, within the Ladbroke Conservation Area. Following the successful grant of planning consent in November 2024, ASK agreed a £77.95m senior development facility in 2025, refinancing the original loan in full and providing funding to deliver the scheme through construction and fit-out.

In 2020, ASK lent £8.9m to a joint venture between Hadley and Clarion Housing Group to support a major planning-led strategy for the redevelopment of an operating Homebase store on a 2.5-acre site in Streatham, South London.
The borrower’s plan was to obtain planning permission for a residential scheme on the site and then exit via a sale. The planning process became delayed due to the pandemic and ASK provided a new facility allowing the borrower to continue to pursue consent. Committee approval was given in March 2024 for 237 new homes (35% affordable) and a new GP surgery alongside landscaped public space. In June 2025 the site was sold with consent to a national housebuilder.

In May 2021, ASK provided a development facility of £23.6m (in conjunction with OakNorth Bank) to experienced developer Benjamin Goldkorn. The loan was secured against a c.10,000 sq ft, prime freehold residential property in St John’s Wood, London. The borrower’s plan was to redevelop the two properties into seven apartments and two duplexes, totalling c.18,000 sq ft whilst retaining its original grand Georgian villa façade. The properties were developed to a prime specification; access to the apartments is via a communal core at lower basement level which includes 9 car parking spaces, accessible by a car lift. Other features include a gym, cycle store, concierge services and media/storage rooms (available as an optional add-on).

Between 2022 and 2024, ASK provided a series of senior loans to assist with a land assembly and planning strategy, totalling £17.3m, to a joint venture between VFund and Hurlington Capital. The loan was ultimately secured against an assembled 0.8-acre freehold site in Acton, West London, benefitting from planning permission for a large-scale, mixed-use redevelopment.

Loan provided in conjunction with partner, OakNorth Bank, secured against a 65,000 sq ft Grade A, BREEAM Excellent office development, with facilities spread across three buildings, six floors and four roof terraces, situated around a central cobbled courtyard, in the Borough area of Southwark, London