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Silbury has provided Kings Oak Capital with a £28.5 million acquisition and development loan. The 24-month facility, at 69% LTGDV, will support the borrower’s conversion of an office block, formerly the UK headquarters of Three, into 110 flats, with the construction phase expected to complete in H2 2023.

The 2.6-acre site occupies a prime central Reading location, benefitting from its proximity to Reading Station, where Crossrail services are set to commence later this year, as well as views of the River Thames.


South East

£29m Debt

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