Funding has been secured for a residential redevelopment located at a beautiful former police station in Chelsea.

£82m debt funding to Gulf Islamic Investments to develop 2 Lucan Place, Chelsea. The former police station site will be redeveloped to comprise a seven-storey residence of up to 31 residential units and two commercial units. The project will offer residents the highest standards in quality and amenity, including a gym, concierge and valet parking. It is due for completion in the first quarter of 2024.

The funding was led by London Wall Lending in partnership with Precede Capital Partners.