4C Hotel Group Secures Development Funding With Partner Regal London
18 August 2022
4C Hotel Group has partnered with Regal London to deliver The Haydon, a residential tower of 87 apartments in Aldgate in the heart of the City of London. Pluto Finance has provided a £44.5m loan for the £95m development which is due to complete in 2024.
Designed by ACME Architects, The Haydon is a striking tower set within a beautifully secluded, landscaped courtyard, creating a light, serene oasis in the city for residents. Residents will have access to the spa, cinema, gym and roof terrace with extensive views across London.
Regal London has an extensive pipeline of c6,000 residential units, including the recently acquired 100 and 100a Chalk Farm Road next to the Roundhouse, significant residential and student accommodation schemes in Brent and the regeneration of North Finchley town centre in Barnet.
Marc Eden, Investment Director of Regal London said:
“We’re delighted to be partnering with 4c Hotels, who approached us to deliver a residential vision on their land, The Haydon, the next in a long line of iconic buildings in the City of London. Pluto Finance have bought into the strength of the partnership and provided the required development finance for the project.”
“We work very closely with our partners, both financial and landowner, to make sure that we deliver value across our projects.”
Al-karim Nathoo, CEO at 4C Hotel Group said:
“We’re delighted to partner with Regal London for our first purpose built residential development in this vibrant part of London. This is a further milestone of our wider re-development of the Minories estate.”
Justin Faiz, CEO of Pluto Finance said:
“We are delighted to have completed this loan for Regal London and 4C Hotels to assist in the development of what is sure to be a standout residential scheme in the heart of London. We look forward to continuing to strengthen our relationship with the partnership.”
ENDS
NOTES TO EDITORS:
Regal London:
Regal London is one of the capital’s leading privately owned mixed-use developers with a focus on unlocking value from complex urban settings to transform London’s landscape and deliver high-quality places for people to live, play, visit and work in.
Regal London has delivered successful projects across the Capital, from Brent to Tower Hamlets and from Barnet to Lambeth. Our developments are characterised by bespoke design and exceptional quality and are built to unlock value, enhance the local environment, and respect local communities.
Unlike many other developers, Regal London are a fully integrated business operating across the entire lifecycle of the asset, which means that they put the customer at the centre of everything they do. We ensure the delivery of outstanding quality and service at every stage of the pre and post development process including land assembly, land use & planning strategy, stakeholder engagement, sales & marketing, construction, customer care and asset management.
Regal London is committed to playing our part in tackling the climate crisis, and to delivering better outcomes for the environment and our local communities through creating positive social value. Our sustainability strategy focusses on three areas: transitioning to net zero carbon by 2030; going beyond biodiversity net gain and helping disadvantaged groups into employment in real estate and construction through their Regal London Real Estate Academies.
4C Hotel Group:
4C Hotel Group manages and develops properties and hotels in key business districts and leisure hot spots across the UK, Middle East, East Africa and Canada. The company was formed in 2010, building on the foundations of a family property business that stretches back to the 1990s. The group’s mission is to operate sustainably, delight guests and investors, whilst striving to deliver a positive environmental and social impact within local communities.