Arada London, the UK arm of UAE-based real estate developer Arada, has secured a £152m loan from ICG Real Estate to support the delivery of 251 homes in north-west London.
CGI of Arada’s 100 Avenue Road scheme, Swiss Cottage
The project, located at 100 Avenue Road in Swiss Cottage, will comprise two buildings, the tallest of which will stand 25 storeys in height and include 172 private for-sale units. The other five- to seven-storey block will comprise 79 affordable homes and three retail units.
The scheme will also include a range of amenities including a concierge, gym, pool, golf simulator and co-working space.
This is the third transaction between ICG’s Real Estate Credit business and Arada London, after ICG previously provided financing to Regal for two London projects prior to its acquisition by Arada in September 2025.
Jai Patel, managing director at ICG Real Estate, said the scheme was “strategically located in Swiss Cottage, which has a global reputation for being a highly desirable residential area with excellent transport links and easy access to Hampstead Heath, Regent’s Park and several of London’s top schools”.
“This scheme will deliver an attractive turnkey product into a highly supply-constrained submarket, alongside a significant affordable housing provision that will serve both domestic and international residents,” he added.
Marc Eden, investment director at Arada London, said: “ICG Real Estate combines disciplined underwriting with a strong understanding of how residential projects are delivered in practice, from start to finish.
“At 100 Avenue Road, the ICG team proved that they share Arada London’s clear focus on quality, sustainability and long-term value, alongside the delivery of critical affordable housing. We are pleased to be working together again to bring forward a high-quality scheme in a well-connected part of London.”
Construction is already under way at the 0.93-acre site adjacent to Swiss Cottage Underground station. Completion is expected in autumn 2028.
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