Cain International

London, U.K.

Millharbour I & II

Loan Size

£37M, £85M ($163M)


Galliard Homes

Asset Class



2.5-acre site; 430,000 sq. ft. development; 901 units

In 2014 Cain International (then Cain Hoy Enterprises, ‘Cain’) provided a £37M acquisition facility to Galliard Homes for a residential-led development and ancillary commercial space, just south of Canary Wharf.

In 2016 Cain then followed this by providing a £85M loan in development financing for the scheme.

351 units were forward-sold to Greystar as a PRS block, and a 253-unit social housing block was forward-sold to an affordable housing operator. The loan then funded the cost of the 297 private units remaining of which 76% of those were pre-sold.

The loan was fully repaid in 2020.