Octopus Real Estate has provided a £22.4m loan on a development of 64 residential houses in Aylesbury, Buckinghamshire, to MCR Property Group.
The loan has a 24-month term and will finance the creation of 49 private homes and 15 affordable homes at the Eighth Avenue development.
Andy Scott, head of residential development at Octopus Real Estate, said: “At Octopus Real Estate we love partnering with developers who share our vision to reimagine real estate by providing quality sustainable homes. We value MCR’s commitment to making green decisions whilst delivering new homes that will have a positive impact on the local community and we look forward to seeing the completed scheme.”
David Tracey, COO of MCR Property Group, added: “Having worked with Octopus Real Estate before, we were positive they were perfect partners to support us on this development. At MCR, we aim to create homes and neighbourhoods that are designed with the future in mind; homes where people love to live. We have a rich and varied history in the housebuilding sector and are committed to making a positive and lasting impact in the areas in which we work – an aspiration we believe will undoubtedly be carried through here at Aylesbury.”
