Topland structured the transaction and provided a £17m senior debt facility to support the acquisition and planning.

The facility was delivered through Topland’s expanding senior lending platform, which is on track to deploy over £150m of new loans this quarter across the bridging and transitional finance markets.

A comprehensive transformation of the site is planned, with a focus on delivering a residential-led, mixed-use scheme.

The development is expected to include co-living accommodation as well as a mix of retail and commercial space.

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The facility was delivered through Topland’s senior lending platform, which is on track to deploy over £150m of new loans this quarter across the bridging and transitional finance markets.

"This deal showcases Topland’s ability to structure innovative and flexible real estate transactions, combining our investment expertise with the strength of our lending platform,’’ said Sol Zakay, executive chairman and CEO at Topland Vintage Group.

“We're pleased to be working alongside Re:shape Living on a scheme that promises to revitalise this key site and deliver lasting benefits to Wimbledon."

Dan Lutterodt, partner at Re:shape Living, added: "Topland were a fast-moving and collaborative partner in the transaction — their experience and funding flexibility played a critical role in making this happen."