Lodha UK which is a London based development arm of Lodha Developers, has raised $375 million from Cain Hoy which is a private investment company, as construction funding for its London project Lincoln Square.

The developer has said in a release that the facility has received the largest ever loan from a single provider for a UK residential project.

Ab Shome, the finance director at Lodha UK said that “We are extremely pleased to have completed our first development funding in the UK that showcases the confidence of the market in the Lodha UK platform. We received competitive offers from three consortiums, and are thankful to all three providers for their interest.”

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