Olympian secures £7.5m bridging loan for Canary Wharf co-living project

Olympian Homes has secured a £7.5m facility for a co-living block at Canary Wharf. The loan from Recognise Bank will aid the development of a 46-storey tower housing 795 units, a residents' lounge, cinema room, fitness studio, and gym. Olympian chairman Mark Slatter commented: "This facility will allow us to commence site investigation works, progress the scheme design to BSA gateway 2 and demolish the existing structure in preparation for seeking an equity partner to build out the project". 

Development Finance Today (12/02/2024)