Fiera Real Estate and Danescroft agree £24m development facility with Alpha Property Lending
Fiera Real Estate (“Fiera”) and Danescroft are pleased to announce that they have secured a £24 million debt facility from Alpha Property Lending to fund the development of a 134,000 sq ft prime logistics scheme at Claverings Industrial Estate in Edmonton, North London
Claverings is strategically positioned just north of Meridian Water, with excellent connectivity via the A10, A406 (North Circular) and Junction 25 of the M25. Located only 11.2 miles from central London, offering direct rail links from Edmonton Green to Liverpool Street in 26 minutes.
The scheme is set to deliver seven high-quality units ranging from 10,000 to 30,000 sq ft. All units will benefit from 10-12m eaves heights and expansive yards of up to 35m, offering flexibility and scale for modern industrial needs.
Having received planning approval in October last year, construction works are already underway, with completion targeted for Q4 2026. MCS has been appointed as the main contractor for the site.
Claverings was acquired through the Fiera Real Estate Logistics Development Fund.
Chris Button, Head of Investment Management at Fiera, commented “Fiera’s 4th facility with Alpha and, as ever, Mert and his team have been a pleasure to do business with. We look forward to starting construction on this exciting urban logistics development”
Mert Zabci, Head of Commercial Lending at Alpha Property Lending, commented “Fiera and their partners have been as commercial and straightforward to work with as ever, focusing on bringing forward institutional-grade industrial assets with market leading ESG qualities in locations that make the offering incredibly attractive to occupiers. Danescroft have also done an incredible job of securing vacant possession of a very complex site that was bought from the local authority that makes our lives as a lender straightforward in considering risk mitigation. Excited to see the progress on this site, with all three previous schemes we funded for Fiera now build complete (two with MCS as Contractor) and either fully let, letting up well or having strong interest further to recent PC".