ICG Real Estate Strengthens London Living Portfolio with £152M Loan to Arada

ICG Real Estate backs UAE-based Arada with a £152M development loan for two residential towers in North London, featuring 172 for-sale units and 79 affordable homes.

By: AXL Media

Published: Apr 30, 2026, 10:46 AM EDT

Source: Bisnow

Project Overview: 100 Avenue Road

Construction is already underway at the 0.93-acre site, which is set to transform the Swiss Cottage skyline. The development consists of two distinct buildings designed to serve a mix of demographic needs:

The Residential Tower: A 25-storey building featuring 172 luxury for-sale units. Resident amenities include a concierge, gym, swimming pool, golf simulator, and dedicated coworking spaces.

The Affordable Block: A separate building ranging from five to seven storeys, providing 79 affordable homes. Notably, all 79 units will be designated as social rented accommodation.

Commercial & Public Space: The project includes three ground-floor retail units and is situated within a newly upgraded public square, with an expected completion date in autumn 2028.

Arada’s Strategic Expansion in the UK