A specialist financial website has reported the completion of a £12 million "senior development loan" to the Dominvs Group to finance the redevelopment of the Fox pub and its former car parking area.
The report notes that the loan will be used for the redevelopment of two existing commercial units and the creation of 54 new one- and two- bedroom apartments, 16 of which will be affordable homes. It says that one of the existing commercial units has been pre-let to a gym provider, while the second unit — the Fox public house, let to Star Pubs & Bars — will be redeveloped with the retention of the existing façade. The 0.64-acre site at One Fox Lane was acquired by Dominvs Group in September 2018.
The first of the "units" referred to in the report will consist of part of the former pub, left of what was once the main entrance on Green Lanes, and the former retail premises on Fox Lane immediately to the south. The redeveloped pub will be on the corner of Green Lanes and Fox Lane and will occupy a much smaller footprint than the Fox did previously.
Links
Pluto Finance completes £12m senior development loan for Palmers Green mixed-use scheme (Development Finance Today 16 September 2020)
