Squarestone raises £100m

THE FOUNDERS of property investment company Squarestone have raised £100m of equity to develop mid-tier housing in central London.

Robert Sloss and Tim Barlow have set up Hub Residential with the aim of providing funding to stalled development sites “in zones one and two of the tube line”.

Sloss told City A.M. that 85 per cent of the funding was raised from a private overseas family that has traditionally invested in central London super-prime residential. The remainder has come from Hub’s directors and long-term investors in Squarestone.