75 LONDON WALL £ 1.2b redevelopment breaks ground
Today , Malaysian engineering , property and infrastructure group Gamuda Berhad , together with London-based real estate investor Castleforge , marked the next stage in their £ 1.2bn redevelopment of 75 London Wall in the City of London . The occasion was commemorated with a groundbreaking ceremony and the signing of one of London ’ s largest property development loans in recent years , valued at £ 500 million and provided by Cheyne Capital , the global alternative investment manager .
The event was led by Dato ’ Lin Yun Ling , Gamuda Group Managing Director , and Michael Kovacs , Castleforge Founding Partner .
They were joined by Gus Wiseman , Global Head of Investor Relations for the UK Government and Howard Dawber , Deputy London Mayor .
Over 80 attendees were present , including financiers , property agents , and a range of property development and built environment specialists .
The investment is another signal of support from Gamuda for the UK property market , with the group viewing London as a key strategic destination for real estate investment . Since 2022 , Gamuda has committed a total gross development value of £ 1.4 billion to the UK market , encompassing prime commercial office assets , residential properties and Purpose- Built Student Accommodation ( PBSA ).
The 75 London Wall project is the largest investment for Gamuda in the UK thus far . Complementing this is Castleforge ’ s commitment to delivering best-in-class workspaces that prioritise sustainability and tenant well-being which set new standards for the adaptive reuse of office buildings in the City of London .
The site received full planning consent in June 2024 and construction has begun . Upon
66 - www . refurbandrestore . co . uk