A US based developer had exchanged to buy the site for £30m+ when the existing lender who had offered to fund the acquisition failed to perform, the developer nearly lost their deposit and the opportunity to acquire the property. Cohort offered, structured and delivered on the acquisition facility within 2 weeks – completing just in time before the contract expired.
The impressive site has planning for 33 high end residential apartments – the developer intends on delivering these with development finance, to a very high specification.
