Colney Hatch

Type: Senior loan - acquisition & planning

Loan amount: £11.05m

Term: 18 months

Location: Barnet, London

Loan secured against a two-acre brownfield development site in a predominantly residential suburban location in north London. The site comprises two warehouse-style buildings, formerly operated as a car dealership and repair workshop.

ASK’s client intends to obtain planning permission for a new mixed-use development of approximately 180 residential units and 18,500 sq ft of retail space.

Site is brownfield and is considered to offer significant redevelopment potential, with capacity to provide a considerable number of much needed new homes in the London Borough of Barnet.

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