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Close Brothers backs Mount Anvil expansion
19 December 2011
Mount Anvil has secured financial backing from Close Brothers Property Finance to invest in a key regeneration site in inner London.
Close Brothers, a specialist financial services group, has agreed £8.7m funding for Mount Anvil to back the company's plans to develop its scheme in Pear Tree Street, Clerkenwell, close to the 'Silicon Roundabout' cluster of tech businesses.
The Pear Tree Street development is next to Mount Anvil's Central Square and Seward Street schemes. With a gross development value of £20 million, Pear Tree Street has planning in place for 45 one, two and three bedroom apartments - 28 for private sale and 17 affordable homes being handled by One Housing Group - with 354 sq m of commercial space.
Mount Anvil has been at the forefront of regeneration in the borough since 2000 and currently has nearly 1,400 homes in development in Islington and south of the river at Wandsworth.