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Alternative property lending group Zorin Finance has completed a £22m development loan to Haslar Developments for the Royal Haslar site in Hampshire.
Royal Haslar is a 63-acre former military hospital with numerous Grade II listed Georgian buildings dating back as far as 1753, in a parkland setting, overlooking the Solent.
Zorin’s loan will fund the remaining completed independent living and retirement units, and develop the next phase of the site with a further 38 apartments and associated infrastructure works.
Plans are also being advanced to add a gym, pool and spa area in addition to a restaurant.
The development is part of a wider plan to regenerate the former Royal Haslar which will provide a mixed-use scheme of 270 residential units, 244 senior living residential units, a care home, business space, retail and licensed premises.
The enviable combination of its heritage, architecture, connectivity, stunning setting and the mixed-use nature of this site is unrivalled in the region and make it truly unique.
We would like to thank Haslar Developments for their business and look forward to helping them deliver a leading scheme in this stunning and historic location.
Vin Vijaya
Lending Director, Zorin
We are delighted to support DBG with this landmark development, repurposing the building to create high‑quality, modern apartments during a period of significant investment and regeneration. We are looking forward to working closely with the team at DBG as they progress their plans for the site.
Pat Power
Haslar Developments
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