Kings Crescent Homes to develop major new Build-to-Rent scheme in Ashford, Kent, following £34.9m loan from OakNorth Bank.
OakNorth – the neobank for entrepreneurs, by entrepreneurs – has provided a £34.9m loan to integrated property development business, Kings Crescent Homes.
The £34.9m capital from OakNorth Bank will support Kings Crescent Homes’ major new UK residential scheme in Ashford, Kent, comprising of 254 BTR units across four separate buildings, including a mix of studio, one, two and three-bedroomed apartments with modern specifications. The scheme borders the River Stour and Victoria Park and is situated a short walk from Ashford’s popular town centre. The site is also within close proximity to Ashford International Station, offering regular trains into central London via HS1, with residents provided with 229 parking spaces and numerous EV charging points.
About Kings Crescent Homes: Founded by Nick Harvey-Jones and Radu Dinului-Mereantu, Kings Crescent Homes specialises in delivering large-scale projects, including all main elements of construction. Headquartered in London’s Highbury, the developer is currently delivering over 800 units from Hove up to Birmingham, which includes 255 units in Birmingham’s Jewellery Quarter, 148 units in Brighton and Hove and 146 units in phase one of the Ashford Victoria Road masterplan.