Loan facilities

Meeting: 
MQT on 2019-03-21
Session date: 
March 21, 2019
Reference: 
2019/6041
Question By: 
Caroline Pidgeon
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

How many bridging loans, such as that detailed in DD2305, have been provided by the GLA over the past two years? Please provide a full list of the recipients, how much was received by each and also provide detail on the criteria used.

Answers

Answer for Loan facilities
Loan facilities

Loan facilities

Answered By: 
The Mayor

The funding provided under DD2305 is senior debt finance. The GLA has provided senior debt finance in 8 other loans through the Housing Zones Programme and the Mayor’s Land Fund over the last two years. Details of the recipients and approved funding allocation is below. Also included is the number of the relevant Mayoral or Director’s decision. All investments were subject to financial, property and legal due diligence, and made in accordance with the funding conditions for the relevant programme. Further information can be found in the relevant Mayoral or Director Decision forms here: https://www.london.gov.uk/decisions/dd2305-marshgate-lane-woodlands-and-...

Programme

Counterparty

Scheme

Loan amount

Approval Number

Housing Zones

Anthology Wembley Parade Ltd

Wembley Parade

£34,500,000

MD2190

Housing Zones

Harrow South LLP

Northolt Road

£15,250,000

DD2160

Housing Zones

Origin Housing

Northolt Road

£10,086,956

DD2160

Housing Zones

Central Harrow LLP

Former Cumberland Avenue

£25,501,000

MD2267

Housing Zones

Origin Housing

Former Cumberland Avenue

£17,000,000

MD2267

Housing Zones

Swan New Homes

Blackwall Reach

£50,000,000

MD2060

Housing Zones

Waterside Places LLP

Hale Wharf

£38,183,235

MD2266

Land fund

Peabody Trust

Holloway Prison

£41,636,000

DD2328