Pluto Finance provides £25m Senior Development Finance Facility for 145 residential units in Heathrow, London

Pluto Finance is thrilled to announce the successful completion of a £25 million Senior Development Finance loan for a conversion of an office building into 145 residential units close to Heathrow with a highly competitive rate. This low leverage, low cost senior finance package reinforces Pluto’s commitment to providing tailored financial solutions that cater to the full lifecycle of property development projects.

With Pluto’s competitive terms, the borrower – a repeat client – benefits from the flexibility and efficiency that come with Pluto’s industry-leading expertise in development finance. Having previously supported the acquisition phase of this Heathrow site, Pluto is thrilled to be extending its support to the development stage, strengthening an established partnership with the borrower and ensuring seamless project progression.

The Pluto Deal Team, led by Lending Manager Bertie Edwards-Hedges, are proud to be a part of this landmark project. Pluto’s involvement from acquisition to development underscores its unique position as one of the few lenders capable of providing comprehensive finance solutions across a project’s lifecycle.

Forsters LLP served as the legal counsel for the transaction, ensuring the loan was completed efficiently and on time.  Dalbergia and Cushman also advised the lender. 

“This transaction highlights Pluto Finance’s ability to offer competitive, low-leverage development finance that provides developers with the flexibility they need to succeed,” said Bertie Edwards-Hedges. “Few lenders can offer such seamless support from acquisition to development, and we’re proud to have been part of the borrower’s successful journey.”

The borrower’s ongoing relationship with Pluto spans five years, and the firm is already planning future collaborations, further solidifying the long-standing partnership between the two companies.