Sheen Lane has successfully secured a £37.7 million loan from Atelier to finance the permitted development conversion of 200 Hammersmith Road into 118 new residential apartments. The loan is structured at 70% Loan to Gross Development Value (LTGDV) over a 15-month term, providing essential capital to support the transformation of an existing office building into high-quality residential accommodation in a prime Hammersmith location. This development is among the first permitted development schemes of this scale to receive approval in the Hammersmith and Fulham area, marking a significant milestone in the local property market.

The financing allows Sheen Lane to deliver thoughtfully designed apartments that meet the needs of London’s growing rental market while maximizing the potential of an existing building through a well-planned office-to-residential conversion. By repurposing underutilized office space, the project contributes to a more sustainable urban environment and reflects wider efforts to address the city’s pressing housing challenges.

This initiative supports the rapid expansion of housing supply in London, where demand for high-quality residential accommodation continues to rise. Through this scheme, Sheen Lane aims to provide modern, attractive homes that enhance the local community and offer residents access to a prime location with excellent amenities and transport links. The project demonstrates a strategic approach to urban development, combining financial innovation, planning expertise, and design quality to deliver residential solutions that respond directly to the capital’s housing needs.

The loan from Atelier ensures that Sheen Lane can progress with confidence, delivering a development that aligns with London’s broader objectives to increase housing availability while maintaining high standards in construction and design. By converting an existing office building into much-needed residential units, this scheme illustrates how permitted development initiatives can play a pivotal role in shaping the city’s housing landscape.