Close Brothers Property Finance has agreed a £67.2m facility to support Draycott Group in delivering the 340-unit Build to Rent scheme which is set to be one of the tallest buildings in Wales.

The main tower crane is now in place at Harlech Court where Intelle Construction is main contractor and Stephenson RC Frames the frame contractor.

Phil Hooper, CEO of Close Brothers Property Finance, said: “Harlech Court is exactly the type of scheme our Structured Finance team was set up to back: a landmark development in an excellent central location in a capital city that continues to see strong demand for quality rental stock.

Sajid Ghaffar, CEO of Draycott Group, added: “This is the largest scheme that we have delivered to date and it will transform the Cardiff city skyline.

“Cardiff is a market we know extremely well, having been active in residential and commercial property development for over 40 years, and Harlech Court builds on that long-standing track record.”