23 May LaSalle receives £187m loan for mixed-use Wembley development

Cheyne Capital Management has provided a loan of £187million to LaSalle Investment Management to finance the development of a mixed-use scheme in Wembley.

The development will be comprised of 40,000 sq ft of urban logistics and commercial space as well as 759 new homes.

Regal London is managing the development.

Construction is set to begin this September and is scheduled for completion in 2025.

Arron Taggart, head of UK real estate at Cheyne Capital, said: “As a firm, we believe that projects like this have the potential to make a powerful, positive impact on the communities they serve.

“Wembley has been undergoing a significant regeneration in recent years and this mixed-use scheme will build on this, providing residents with high-quality and affordable homes in a desirable location, while also delivering valuable commercial space and local employment.

“We are confident that our partnership with LaSalle and Regal London will deliver a best-in-class development.”

Marc Eden, investment director at Regal London, added: “We have designed a first-class mixed-use development using significant innovation in our construction methods and upholding our fundamental principles of sustainability.

“We are delighted that LaSalle has put its trust in our brand and ability to deliver our planning consent and to work closely with Cheyne Capital again.”