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Marldon receives £12m boost from Royal Bank of Scotland to progress mixed-use development in London

Property developer Marldon has received a £12 million funding boost from Royal Bank of Scotland to progress a mixed-use development at Prescot Street in London.

It plans to develop 57 serviced flats, comprising 21 studios, 27 large studios and nine one-bedroom apartments, as well as 8,847 sq. ft. of Grade A, self-contained office space.

The development will also create jobs and apprenticeships for the Whitechapel community and all new roles will be trained on-site.

Anthony Bartlett, founder and senior partner at Marldon, a family business founded in 1968,  said: “The funding from Royal Bank of Scotland has been instrumental in helping us progress the Prescot Street development. Marldon’s partnership with the bank is long-standing, and once again we have received a significant deal of support.

“This project is exciting, as we return to one of our strong disciplines – new-build development. We’re also proud to be able to continue our commitment to job creation and training in the form of apprenticeships. We look forward to seeing it take shape, and are confident it will be a positive asset for the local community.”

The development is expected to complete during the summer of 2018.

 

 

 

 

 

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