Dragonfly funds luxury development by Fusion Residential in Ealing

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Short- and medium-term lender, Dragonfly Property Finance, part of the Octopus group, today announced it has funded the purchase, by design house Fusion Residential, of a site on Park View Road in Ealing.

Dragonfly also provided a development facility for the construction of six bespoke lateral apartments on the site, set to be a high-end development with gated underground car parking, finished to a high level of specification.

Named The Birchwood, the development will feature private concierge facilities exclusively for the residents, expansive open-air terraces and some of the latest technology from around the world. Work is expected to start in the near future.

Fusion Residential, which is celebrating its 10-year anniversary in 2016, is known for developing exceptional residences in the most exclusive locations around London.

Nigel Henry, Co-founder, Fusion Residential, commented:

“This was the first time we have worked with Dragonfly and they were efficient from start to finish. Our interests were completely aligned and the finance package came together quickly and with ease.”

Matt Smith, Director of Risk and Recoveries, Dragonfly Property Finance, commented:

“Fusion Residential are a leader in their field. It was great to help them with their latest London development. Funding high-end developments in the capital is what Dragonfly thrives on and we look forward to working together on future projects.”