London developer Fruition Properties has borrowed £7.3m from Hodge Bank to develop Madison Apartments, pictured, one of its apartment schemes in Wyfold Road, Fulham.
Led by managing director Mani Khiroya, the Regent Street developer comprises a 40-strong team specialising in land acquisition, planning, construction, interior design and property management, having been formed in 2004.
The company has acquired seven new sites in the past 12 months, contributing to an entire development pipeline worth over £350m.
Its Wyfold Road scheme has seen a former office building carefully remodelled into 16 stylish one and two-bedroom apartments, plus a luxuriously-appointed penthouse. To date, the development is 50 per cent sold.
Paul Green, who negotiated the deal for Hodge Bank, said: “Having worked with Fruition Properties on previous schemes in London, we knew the company’s expertise would produce a selection of stylish, quality apartments.
“They are already proving to be in demand, reflecting once again the care taken by their specialist team to design beautiful homes.”
Mani Khiroya, managing director of Fruition Properties, added: “Hodge Bank is a trusted partner of ours. Its team has supported us with a number of projects across London, aiding our goal to deliver innovative homes which provide outstanding returns.”
One-bedroom apartments start from £575,000. For further information please call Fruition Properties on 020 3828 0128 or visit www.liveatmadison.co.uk