ASK provides £3.25m senior loan secured against two central London Grade II* listed freehold office buildings for conversion to residential

Noel Leonard, Director at GFZ said, “Having already acquired and successfully achieved planning permission on other similar properties in Bloomsbury, we were delighted that ASK was able to assist with arranging the finance for these two properties on Great James Street. The ASK team delivered quickly and demonstrated their expertise. We look forward to working with them again on future projects.”

Daniel Austin, CEO of ASK, said, “This is a great development site in a very strong location that we were delighted to help fund. We are seeing an increased demand for luxury period homes in prime central London locations and GFZ has an excellent track record in this area. This deal marks our fifth transaction since the beginning of 2021 and brings our total lending for the year to c.£45m; a positive sign for the London real estate market.”

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