£67.2m finance deal backs 340-home Cardiff build-to-rent tower

A £67.2m financing package has been agreed to support construction of Harlech Court, a 30-storey build-to-rent development in Cardiff.

Close Brothers Property Finance has provided the facility to Draycott Group for the 340-home residential scheme, which is currently under construction in the Welsh capital.

Harlech Court is set to become one of the tallest buildings in Wales and represents Draycott Group’s largest development to date.

Construction is already progressing on site, with the main tower crane installed. Intelle Construction is acting as main contractor, while Stephenson RC Frames has been appointed to deliver the structural frame.

The scheme will provide 340 purpose-built rental homes within a high-rise development in central Cardiff.

The financing agreement provides further support for the construction programme as Draycott Group continues delivery of the project.