Cheyne Capital’s £75 Million Funding For Lu2on

Fladgate LLP has advised leading residential developer Strawberry Star on a £75 million funding from Cheyne Capital for its mixed-use development, Lu2on

Lu2on, which is expected to complete Phase 1 in 2021, is on a 6.8-acre site which was formally part of the Vauxhall Motors. The funding will finance the construction of the first phase of the scheme comprising 401 units. The finished development will comprise 877 residential units.

The Fladgate team comprised finance partner Charles Proctor (Picture), real estate partner James Norton with support from construction associate, Ian Smith, finance associate Ottilia Csoti and construction associate Maddy McAra.

Involved fees earner: Ottilia Csoti – Fladgate LLP; Maddy McAra – Fladgate LLP; James Norton – Fladgate LLP; Charles Proctor – Fladgate LLP; Ian Smith – Fladgate LLP;

Law Firms: Fladgate LLP;

Clients: Strawberry Star;