ICG Real Estate, the real estate division of global alternative asset manager ICG, today announced that it has provided Arada London, the UK arm of UAE-based real estate developer Arada, which specialises in large-scale, sustainable lifestyle communities, with a £152m loan to fund the acquisition and development of two residential buildings at 100 Avenue Road in Swiss Cottage, north-west London. This is the third transaction between ICG’s Real Estate Credit business and Arada London, demonstrating continued confidence in the latter’s project execution. ICG previously provided financing to Regal for two London projects prior to its acquisition by Arada.
Construction is already underway by Arada London at the 0.93-acre site, which has an implemented planning consent for two buildings: a 25-storey tower comprising 172 for-sale units with access to an impressive range of high-quality amenities including a concierge, gym, pool, golf simulator and co-working space, and a separate 5-7 storey block offering 79 affordable homes, all of which will be social rented accommodation, and three retail units.
Due to complete in autumn 2028, the project is located in a newly upgraded public square immediately adjacent to Swiss Cottage Underground Station, the Hampstead Theatre and the Swiss Cottage Leisure Centre.
Jai Patel, Managing Director at ICG Real Estate, commented:
Arada London has an impressive track record of delivering large-scale, landmark developments across the city of London and we are delighted to be collaborating with them on our third transaction together.
The development is 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.
Marc Eden, Investment Director, Arada London, commented:
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.
For further information please contact:
Arada London
Ghislaine Halpenny
Director of Corporate Affairs, People & Sustainability
[email protected]
ICG
Clare Glynn
Head of Corporate Communications
+44 20 3545 1395
[email protected]
Maisie Le Masurier
Corporate Communications
+44 20 3545 1624
[email protected]
About Arada London
Arada London, part of the Arada Group since 2025, is dedicated to shaping high-quality, integrated and sustainable places across the capital. With a pipeline of more than 15,000 homes, the business is one of London’s leading mixed-use developers, with expertise spanning residential, student accommodation, workspace and complex regeneration projects.
Operating across the full lifecycle of the asset – from development and construction through to customer care and asset management – Arada London places people at the heart of its work, creating places that enable communities to thrive. The company also invests in skills and training through its on-site construction academies, helping to open up careers and opportunities for people across the city.
Committed to progress towards net zero, Arada London adopts innovative technologies and modern methods of construction to reduce its environmental impact. Working in partnership with landowners, councils, financial institutions and local stakeholders, the business delivers projects that reflect the diversity and energy of the capital while creating long-term value for communities.
Founded in 2017, the Arada Group is headquartered in the UAE, with additional operations in Australia, and was created to build spaces that enable people to lead healthier, happier and more meaningful lives. Alongside its development business, the Group also operates a portfolio of complementary brands and experiences in sectors such as retail, hospitality, fitness, wellness, industry, education and social impact.
About ICG
ICG (LSE: ICG) is a global alternative asset manager with $127bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.
*As at 31 December 2025.
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