Zorin Finance completes £22m senior living development loan at Royal Hasla
Zorin Finance, the alternative property lending specialist, has announced the completion of a £22m development loan for the historic Royal Haslar site in Hampshire, to Haslar Developments Ltd.
Royal Haslar is a 63-acre former military hospital with numerous Grade II listed Georgian buildings dating back as far as 1753, in a stunning parkland setting, overlooking the Solent.
It is adjacent to the attractive village of Alverstoke and benefits from easy access to Gunwharf Quay in Portsmouth which is only a short ferry ride away.
Zorin’s loan will fund the remaining completed C2 Independent Living & Retirement units and develop the next phase of the site with the creation of a further 38 senior living apartments and associated infrastructure works. Plans are also being advanced to add a high-end Gym, Pool and Spa area in addition to a restaurant soon to be provided.
The development is part of a wider plan to regenerate the former Royal Haslar which will provide for a vibrant mixed-use scheme of 270 Open Market residential units, 244 Senior Living residential units, a care home, business space, retail and licensed premises. These are to be provided within a mixture of new build and existing building conversions all against the backdrop of an extensive historic parkland setting with stunning waterfront views.
The enviable combination of its heritage, architecture, connectivity, stunning setting and the mixed-use nature of this site is unrivalled in the region and make it truly unique.