Transactions

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.

Co-loan provided in conjunction with partner, OakNorth Bank, secured against 133 apartments in a recently completed, 53-storey prime residential development in Canary Wharf, London

Loan provided in conjunction with OakNorth Bank, secured against a major mixed-use redevelopment site in Hove, with the benefit of planning permission in place. The well-located, largely brownfield site is situated a short walk from Hove station, an area undergoing significant growth and redevelopment

Loan secured against a very well-located 20,000 sq ft freehold boutique hotel in Soho, London. The property is income producing and ASK’s client acquired the asset as an investment property, however the site also boasts significant redevelopment potential

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

Senior development loan to fund the construction of a new mixed-use hotel and office development in Clerkenwell, London. The scheme will provide new grade A office space, a 153-bed hotel and nine affordable residential units. ASK’s client has secured a pre-let of the hotel element and a pre-let and sale of the affordable units