AVIVA GREEN LOAN SECURED FOR WALWORTH ROAD 283-BED PBSA

51.4899676 | -0.0995058

More big news for our Walworth Road scheme in Elephant & Castle as we announce securing a green loan from Aviva Investors. A major milestone for the first asset we’re delivering as part of our joint venture with PATRIZIA – Sustainable Communities London.

 

The transaction is a strong endorsement of our approach to delivering complex, impact-led urban regeneration projects that combine institutional-quality delivery with meaningful social and environmental outcomes.

 

And demonstates our capability to take ambitious schemes through the full lifecycle – from vision and planning through to financing and delivery.

 

As the first project within Sustainable Communities London, the scheme reflects the JV’s focus on delivering sustainable alternative living and affordable homes across the capital by repurposing underutilised urban sites.

 

The development will transform a stranded 1980s office building into a PBSA-led, community-driven scheme, delivering 283 student beds alongside 20 new affordable homes, a new courtyard garden, a pioneering community kitchen and high street retail – all underpinned by a reuse-first approach and ambitious sustainability targets.

 

We’re proud to be working alongside partners who share that ambition.

 

Thank you to Aviva Investors, Eversheds Sutherland, Greenberg Traurig, LLP and BBS Capital, alongside Patrizia and the wider project and consultant team, for the collaboration and hard work in bringing this transaction together.

“Fabrix and Patrizia are delighted to be partnering with Aviva Investors to deliver this transformational project.

“Its backing represents a strong endorsement of the impact strategy of Sustainable Communities London, which aims to deliver ambitious, high-quality and sustainable developments that address the housing crisis while generating meaningful social impact.

“It also reinforces Fabrix’s position as a trusted development partner for institutional capital. As the first development within our joint venture, this scheme sets a strong foundation for a pipeline of future projects.”

Matt Weaver, Finance Director, Fabrix

Back to Impact and News