Storeys the Cuba Street tower is set to rise to – a structure that will house 434 homes
This artist’s impression shows
how Ballymore’s Cuba Street scheme has taken a step towards construction starting
by Jon Massey
Ajoint venture between Ballymore and Penta Real Estate, announced towards the end of last year is already bearing fruit.
The £700million venture includes the Irish developer’s delayed Cuba Street tower on the Isle Of Dogs, which stalled after the London Fire Brigade objected to original designs that had only one staircase as a means of emergency escape for some apartments.
The plans have since been revised and now feature a 52-storey tower that will house 434 homes.
Following the deal with Penta to go halves on the scheme, the pair have now secured a £179.5million loan facility from Barclays and Homes England to support the development.
Amenities for residents include a 32nd floor indoor-outdoor gym and communal spaces, while what’s billed as “the largest new public park on the Isle Of Dogs in over 30 years” will also be created.
Robert Mulryan, group corporate finance and investment director at Ballymore Group, said: “Barclays and Homes England have been long-term partners of Ballymore, and we are proud to be working with them again on this outstanding project.
“Cuba Street builds on Ballymore’s
substantial contribution to high-quality housing delivery and the regeneration of the Isle of Dogs over the past thirty years.”
Pavel Streblov, UK managing director and board member at Penta, said: “This funding milestone is a further key step forward for our joint venture, particularly given the high calibre of the debt providers.
“The financing underscores the desirability of this project and is a reflection of our commitment to delivering the highest quality homes in London.”
Graham Chilver, director, real estate at Barclays UK Corporate Bank, said: “We are proud to support Ballymore and Penta Real Estate on the delivery
of this landmark scheme. Cuba Street will bring high-quality private and affordable homes to one of London’s most dynamic areas, alongside new public spaces that will benefit the wider community.
“This financing demonstrates our continued commitment to backing high-impact developments that enhance the capital’s housing supply.” Go to ballymoregroup.com for more information
Scan this code to nd out more about Ballymore’s Cuba Street plans
The house includes a fully tted kitchen and breakfast room on its ground oor
how this property on the Isle Of Dogs o ers quiet tranquillity alongside very e ective transport links across London
Transom Square, E14 Guide: £775,000
This three-bedroom townhouse is located within a quiet cul-de-sac on a private estate on the south of the Isle Of Dogs. The ground oor features a hallway, a cloakroom and an integral garage as well as a fully tted kitchen and breakfast room that opens out onto a landscaped rear garden.
Upstairs is a reception room and guest bedroom with a further guest bedroom, family bathroom and principal bedroom with an en suite on the top oor.
Situated just o Westferry Road, the property is located within easy walking distance of Island Gardens DLR for rapid links to Canary Wharf and the City. The house is also close to the Greenwich Foot Tunnel o ering easy access to the Unesco World Heritage site.
● Alex Neil says: “This property is presented to an exceptional standard having been meticulously maintained and loved by its current owners for more than 30 years.
“Enhanced by stylish decor throughout, houses of this calibre are rarely available to the local market and an early viewing is highly recommended for those seeking a turnkey home.”
key details
To arrange a viewing or for more information about this or similar properties visit Alex Neil’s website or call 020 7537 9859. Go to alexneil.com for more information
Scan this code to nd out more about this property
Da Gama Place, E14
£950,000+
Three
Transom Square, E14
£775,000
Boardwalk Place, E14 £595,000
Chichester Way, E14 £650,000+
Arnhem Wharf, E14 £550,000+
Two
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