Anthology forges new future at Deptford Foundry with £47m development loan
Leading London residential developer Anthology is currently delivering a new 276-unit residential scheme on the site of a former metal foundry and trading estate in Deptford, South East London, with the support of a £47m loan.
The two-and-a-half-year development facility is being provided by Lloyds Bank Commercial Real Estate and follows a £84.9m loan from Lloyds Bank and Investec (50/50) to Anthology in the summer of 2017 for its 198-home Hoxton Press development in East London.
Anthology Deptford Foundry, designed by Rolfe Judd Architecture, comprises of one, two and three-bedroom homes across eight buildings and one tower. The development will also offer 32,000 sq ft of creative employment space due to be occupied by leading arts organisation, Second Flood Studios & Arts to support local artists.
Moat Housing Association is providing 28 of the units for affordable rent and 12 for sale under shared ownership. Construction is on-site now with the first units completing later this year.
Ben Allen, Project Director for Anthology Deptford Foundry, said: “Deptford is already a cultural hub and is now emerging as one of the capital’s most sought after neighbourhoods. We’re proud to be delivering a mix of new housing tenures and community space to this thriving part of South East London.
“Lloyds Bank has been instrumental to both of our major development projects of the past 12 months, partnering with us to help further our own growth story and build more new homes for the capital.”
Selina Dicker, relationship director for Lloyds Bank Commercial Real Estate, added: “This is an important regeneration scheme that will not only provide new homes but also new amenities for Deptford.
“Anthology has a well-earned reputation for delivering high quality housing and for expert placemaking. We’re proud to have supported them once again on such an important scheme.”