​​London: Bank ABC is pleased to have provided a £25 million bridge facility to North Wind Capital (‘NWC’) for the refinancing of 41 Upper Grosvenor Street, a prime residential asset in the heart of Mayfair, adjacent to Grosvenor Square.

The twelve-month loan facility refinances existing debt and underpins the next phase of the property’s luxury residential repositioning. This refinancing facilitates NWC’s ambitions to convert the prominent, vacant building into a series of luxury residences, following Permitted Development (PD) planning approval. Situated adjacent to the renowned Grosvenor Square, the refurbishment will be delivered in partnership with REDD Real Estate, a specialist London development manager.​​

Richard French, Senior Relationship Manager, Bank ABC London, said: “We are delighted to support North Wind Capital on this strategic refinancing. The transaction aligns with our focus on high-quality sponsors and prime London assets. We look forward to deepening our relationship with the team as their pipeline evolves.”​​

Christian Mathews, Investment Director at NWC, commented: “The refinancing with Bank ABC adds further institutional backing for our refurbishment programme at 41 Upper Grosvenor Street. This facility supports the ongoing transformation of a landmark Mayfair building and reflects our confidence in both the high-end London residential market and our long-term strategy.” ​​