Close

Major waterfront housing scheme in Poole backed by £69m loan

Major waterfront housing scheme in Poole backed by £69m loan

A major water­front housing devel­op­ment for almost 300 new homes has been backed by a £69million loan. Amend­ments to the plans for the West Quay Marina site, which is currently home to a car park, are under consid­er­a­tion with BCP Council planners.

Developer London Land Group wants to build 291 one, two and three-bed apart­ments across five blocks having secured initial planning approval in 2017.

The scheme would also include 8,000 square foot of commer­cial space, car parking, bike spaces and a communal garden.

Octopus Real Estate has partnered with Sirius Property Finance to provide a £69million loan for the West Quay Road regen­er­a­tion project.

Mario Luca Balducci, London Land co-founder and chief executive, said: “At London Land we are driven by a vision to create the best possible lifestyle exper­i­ence for our residents through innov­at­ive, reliable and sustain­able devel­op­ments, which includes deliv­er­ing improved energy efficiency.

“We’re delighted that Octopus has the funding that enables us to finance a devel­op­ment that has been carefully designed to reduce energy demand, and to provide wider benefits to the local community by forming part of a wider, long-awaited regen­er­a­tion project. Octopus was the natural choice for us thanks to its B Corp status and strong focus on sustain­ab­il­ity and social impact.”

London Land said it will be using “modern methods of construc­tion”, with off-site techniques like mass produc­tion and factory assembly rather than tradi­tional building.

The firm said this means less waste is created in the produc­tion process.

Andy Scott, Octopus Real Estate head of resid­en­tial devel­op­ment, said: “Within the property industry we have a duty to work together to develop more energy-efficient housing and to deploy innov­at­ive approaches to house­build­ing. This site in Poole is a great example of our wider mission at Octopus to reimagine real estate invest­ment by investing in assets that will deliver real impact to people and the planet.

“The completed apart­ments are designed to be EPC Rated A, fitting perfectly into our strategy of support­ing the building of more sustain­able homes.”

The financial agreement was the largest ever handled by Sirius Property Finance.

Devraj Ray, Sirius Property Finance senior associate, said it had been an “intense but ultimately so rewarding” journey.

He added: “We now wait to see the amazing 291-unit seafront devel­op­ment in Poole rise from the ground and take shape.”

Initial planning permis­sion for devel­op­ment was granted in March 2017 but since then business units had been lying empty and vandal­ised on several occasions.

The marina was formerly occupied by several businesses including City Bay Views Chinese restaur­ant, Twin Sails Wharf and The Marina Club.

Demoli­tion work began in 2018 but there have been a series of amendment tabled in recent years.

The fifth such applic­a­tion, which was submitted earlier this month, is currently under consid­er­a­tion with BCP Council in relation to altering condi­tions of the approved proposal.

1920 1080 Erik
Close

Alon Junger

Chairman

A UK and US (New York Bar) solicitor by quali­fic­a­tion and former London based invest­ment banker, Alon is a serial real estate entre­pren­eur. As a major share­holder and managing director of several resid­en­tial and commer­cial real estate platforms in major cities in Germany, Alon special­ises in identi­fy­ing, struc­tur­ing and growing invest­ment oppor­tun­it­ies.

Close

Mario Luca Balducci

Chief Executive Officer

Having qualified as an Architect and a Programme & Project Manage­ment Profes­sional in the UK, Mario is an accom­plished Real Estate leader. Mario has in-depth knowledge of commer­cial, technical, and socio-economic aspects of property devel­op­ment with a proven record of building markets, and business initi­at­ives.

Close

Gwen Youlden

Marketing & Sales Director

Gwen has a wealth of exper­i­ence in real estate having been behind many award winning marketing and place­mak­ing campaigns for destin­a­tions across the UK. At London Land Group, Gwen estab­lishes desirable and relevant destin­a­tion brands, creating a sense of belonging for our residents whilst support­ing ambitious object­ives for leasing, sales and retention.

Close

Ceren Akin

Architectural & Visual Designer

After quali­fy­ing as an architect in Turkey, Ceren pursued a career in strategic branding, brand exper­i­ence, and identity creation. Her studies at Central St. Martins equipped her with a diverse skill set encom­passing archi­tec­ture, visual design, graphic design, and brand identity. As a dedicated consult­ant designer, Ceren has delivered numerous marketing campaigns that have consist­ently exceeded revenue growth expect­a­tions.

Close

Dan Margott

Acquisition Manager

Dan has an extensive track record of sourcing devel­op­ment oppor­tun­it­ies across London and the South East having collab­or­ated with major organ­isa­tions across a broad range of projects, from large strategic regen­er­a­tion to resid­en­tial devel­op­ments and mixed-use commer­cial schemes. His broad market knowledge enables him to quickly identify value add oppor­tun­it­ies.

Close

Jas Shatra

Commercial Director

Jas Shatra is an accom­plished Quantity Surveyor with extensive expertise in managing costs and contracts for large-scale resid­en­tial and commer­cial projects. At London Land Group, Jas oversees project costs through­out the lifecycle, ensuring efficient delivery and alignment with financial aspir­a­tions.

Known for his metic­u­lous project planning, cost analysis, and budget adherence, Jas excels in risk manage­ment, value engin­eer­ing, and stake­holder engage­ment, signi­fic­antly contrib­ut­ing to the success­ful execution and profit­ab­il­ity of high-profile projects.

Close

Jason Larkin

Planning Director

Jason Larkin is a seasoned planning and devel­op­ment profes­sional with extensive exper­i­ence deliv­er­ing high-profile projects across London and the South East.

Jason special­ises in navig­at­ing complex planning processes, including resid­en­tial, mixed-use, and regen­er­a­tion schemes. Having played a pivotal role in the success of landmark projects such as Canary Wharf, Jason’s leader­ship and commer­cial expertise ensure that every devel­op­ment is strategic­ally positioned for success.

Close

Paul Mackenzie

Construction Director

Paul Mackenzie is a charis­matic and accom­plished leader in the construc­tion and devel­op­ment sector, with extensive exper­i­ence deliv­er­ing high-value, complex projects across resid­en­tial, retail, and pharma­ceut­ical indus­tries. Paul’s expertise spans deep basement construc­tion, medium- to high-rise buildings, complex infra­struc­ture, and high-end resid­en­tial fit-outs.

Paul excels in managing multidiscip­lin­ary teams and ensuring technical, commer­cial, and opera­tional excel­lence through­out the project lifecycle. His dedic­a­tion to safety, quality, and innov­a­tion ensures that every devel­op­ment is delivered to the highest standards.

Close

Kieran Crowe

Investment Manager

Kieran is a commer­cially focused invest­ment and finance profes­sional with deep expertise in real estate analysis, financial modelling and portfolio manage­ment. As Invest­ment Manager at London Land Group, he leads the Group’s invest­ment strategy and financial oversight, support­ing acquis­i­tions, business planning and equity reporting.

Kieran plays a key role in financial due diligence, valuations and negoti­ations with funding partners and with a strong technical background, he brings analyt­ical rigour and commer­cial insight to support value creation across the Group’s projects.

Close

Daniela Guberova

Group Financial Controller

Daniela is a senior finance profes­sional with over 20 years’ exper­i­ence across real estate, techno­logy, and profes­sional services. As Financial Control­ler at London Land Group, she oversees the Group’s finance function, deliv­er­ing accurate reporting, managing cash flow, and ensuring strong internal controls. Known for devel­op­ing high-perform­ing teams and driving process improve­ments, she plays a key role in support­ing strategic decision-making and maintain­ing robust financial opera­tions.

Close