VCBank is a member of a high-profile consortium led by the Saudi-based Rassmal Group, which has invested in the acquisition and development of an iconic residential development in one of London’s most prestigious residential areas. Now rebranded as Regent’s Crescent, Park Crescent West was originally designed as one of the main gateways to Regent’s Park by the famous architect John Nash in the early 19th century. The project involves demolishing the existing commercial-use sections, and redeveloping it into a fully residential scheme offering 81 high-specification apartments and five mews houses, while retaining the magnificent Nash frontage. Following receipt of planning approval from Westminster City Council, key developments to date include completion of demolition and piling, and the start of substructure and superstructure works. Sales and marketing activities have commenced, with a number of apartments having already been sold.