UTB proves £10m for Kensal Green development

Published on

United Trust Bank (UTB) has provided a £10 million investment into Yellow Brick Estates’ new Kensal Views development.

The development facility has been announced as construction at Kensal Views is underway, with practical completion of the scheme set for late Q3 2022.

The development is located on Goodhall Street in the heart of the Kensal Green regeneration area. Kensal Views is set to provide 38 one, two and three-bedroom apartments, with almost all the homes set to be available to purchase through the Government’s Help to Buy scheme. The development is situated close to the amenities of Kensal Green, with numerous public transport links including the HS2.

Tobias Chang Pico, CEO of Yellow Brick Estates, said: “Yellow Brick Estates are pleased to announce the £10 million development facility from UTB for our new Kensal Views project. The scheme will be providing Kensal Green with an outstanding collection of new homes which we look forward to launching in the coming months.”

Edward Weekes, manager – property development, United Trust Bank, added: “I am delighted that UTB are supporting Yellow Brick Estates once again. As a regular borrower with whom we’ve built a strong and trusted relationship, we’ve been able to provide Yellow Brick with a variety of funding facilities. We have been impressed with Tobias and his highly professional team who have demonstrated time and again that their reputation for delivering attractive homes and successful developments is very well founded.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Three-quarters of brokers expect rate hold

76% of specialist brokers expect that the Bank of England’s Monetary Policy Committee (MPC)...

The Finance Family adopts Acre as platform for growth

Midlands-based The Finance Family has migrated its team of over 20 brokers to Acre’s...

‘Consumer thinking’ holding businesses back from better finance solutions

New research from Time Finance has revealed that many UK businesses default to consumer-style...

British Business Bank reports how pivotal first Covid lockdown was

Five years since the first Covid-19 lockdown, new data from Start Up Loans, part...

Other news

Three-quarters of brokers expect rate hold

76% of specialist brokers expect that the Bank of England’s Monetary Policy Committee (MPC)...

The Finance Family adopts Acre as platform for growth

Midlands-based The Finance Family has migrated its team of over 20 brokers to Acre’s...

‘Consumer thinking’ holding businesses back from better finance solutions

New research from Time Finance has revealed that many UK businesses default to consumer-style...