"We have been involved with the asset for some time, and with financing now in place, we look forward to supporting the delivery of a well-designed office-to-residential conversion that will provide high-quality rental accommodation in a prime location"
- Paul Silva - Atelier
Atelier has provided a £37.7m loan to fund Sheen Lane’s permitted development conversion of 200 Hammersmith Road into 118 new residential apartments. The financing is structured at 70% LTGDV over a 15-month term, supporting one of the capital’s growing office-to-residential schemes.
Recent data highlights the scale of London’s housing challenge: fewer than 5,000 private construction starts were recorded in the first six months of 2025. This is a stark contrast to the Government’s target, which would see 440,000 new homes delivered in the capital over this Parliament. With housing pressure mounting, permitted development projects are increasingly seen as a way to rapidly expand supply. Atelier said it remains committed to financing high-quality schemes in prime locations to meet this demand.
“We’re pleased to be supporting Andrew and the Sheen Lane team again as lender on this well-located permitted-development scheme in Hammersmith,” said Paul Silva, chief financial officer at Atelier. “We have been involved with the asset for some time, and with financing now in place, we look forward to supporting the delivery of a well-designed office-to-residential conversion that will provide high-quality rental accommodation in a prime location.”
“We are delighted to be working with Atelier again on what is the first permitted development scheme of scale to be approved within Hammersmith and Fulham,” commented Andrew Cooper, Sheen Lane Developments. “200 Hammersmith Road is an exemplar conversion project, being an attractive, well-constructed building in a sustainable and desirable residential location. We are excited to get going, and Atelier’s market-leading Day One advance will allow us to get ahead in the delivery of this landmark project.”
