Highlights:
- £122 million development funding secured by Definition Capital for a major mixed-use project in Abbey Wood
- Finance arrangement facilitated by Mantra Commercial
- Development to include 487 co-living units, a 110-room hotel, and a re-provided PDSA pet hospital
Specialist real estate finance provider Maslow Capital has announced the completion of a £122 million development finance agreement with Definition Capital, supporting the delivery of a significant mixed-use regeneration scheme in Abbey Wood, South-East London. Introduced by debt advisory firm Mantra Commercial, the facility underpins the creation of a new 487-unit co-living development, a 110-room hotel, and a re-provided pet hospital, helping to bring new homes and amenities to this fast-growing area.
Situated on Eynsham Drive, within walking distance of Abbey Wood Station and the Elizabeth line, the development will comprise four buildings ranging from 3 to 17 storeys. Alongside the co-living accommodation, residents will benefit from a range of shared facilities including lounges and workspaces, complemented by the new hotel and reinstated PDSA Pet Hospital on site.
The project will form part of the wider regeneration of Abbey Wood and Thamesmead, which has been designated as an Opportunity Area with potential to deliver around 8,000 new homes and 4,000 jobs.
Irfan Hussain, Director at Definition Capital, commented: “We are pleased to bring forward this ambitious mixed-use scheme for Abbey Wood, combining well-managed rental homes, a high-quality hotel, and community facilities on a single site. As a repeat client, we were pleased to partner with Maslow Capital again; their clarity, pace, and depth of experience, working alongside our debt adviser, Mantra Commercial, helped us navigate a complex structure and move decisively to completion. We look forward to delivering a scheme that adds lasting value to the area with their continued support.”
Nick Neophytou, Managing Director at Mantra Group, added: “This is a landmark scheme that will help reshape Abbey Wood and bring high-quality living and hospitality to the area. It has been a privilege to advise Definition Capital, as it leads the way in delivering much needed high-quality co-living developments for the UK.
“We handled both the insurance and the debt side of this deal and analysed the market for the best lender. Maslow Capital was identified as the ideal partner due to its sector knowledge, pragmatic approach and commitment to getting the deal over the line as well as its ability to handle complex, large-scale developments. The structure of this deal is unique and pulling it together in this way will continue to help ensure that the project comes to fruition and is a success.”
Sky Mapson, Senior Director of Origination at Maslow Capital, said: “We are delighted to back Definition Capital on this flagship scheme. As a repeat client, they bring strong delivery credentials, and the project’s amenity mix, and connectivity make a compelling proposition for residents.”
Rachael Gordon, Head of Deal Execution (UK & Europe) at Maslow Capital, added: “London’s professionally managed rental stock remains constrained relative to demand, particularly in well-connected locations. This scheme adds much-needed capacity with the right specification and amenities, positioning it well for lease-up and long-term operational resilience. Together with Mantra Commercial, we have created a bespoke finance package that protects all parties to the deal against changes in the financial and development landscape, while also reducing paperwork and administrative time. Importantly, it is a package that helps deliver living spaces for people who need a place to live in a thriving part of London.”
