Greystar, a global leader in the investment, development and management of real estate, including rental housing, logistics, and life sciences, today announces the close of a £68.5 million debt facility, arranged by Societe Generale.

The brownfield site will be regenerated for Greystar’s Stratford Mill project to provide 247 apartments. 42 of these will be affordable homes delivered for Sovereign Network Group (SNG).

GRAHAM has been appointed as the construction partner for the regeneration project, with completion scheduled for Autumn 2026. The development will offer onsite service and a wealth of amenities focused on resident wellness and fostering a community among residents.

The site is close to Stratford and Stratford International, providing residents with excellent transport links. Residents will also be walking distance to City Mill Lock and Queen Elizabeth Olympic Park.

Dan Thompson, UK Managing Director, Development, Greystar,  said: “We’re very excited to see our development at Stratford Mill progress, thanks to the debt facility secured from Societe Generale, our contractor GRAHAM and SNG who will forward fund 42 affordable homes. Greystar is dedicated to delivering high-quality housing across multiple communities.”

Pierpaolo Iasci, Head of UK Real Estate Structured Finance forSociete Generale, said: “We are delighted to support Greystar in this transaction which represents an important milestone for the company in its effort to finance BTR developments with strong ESG credentials.”