UK private investor Topland has joined Dragonfly Property Finance and residential developer Westcity in a new residential mezzanine lending partnership.

The news follows on from Topland's announcement in October that it planned to invest up to £200 mln (EUR 228 mln) in a mezzanine fund. The partners announced last week that they have already co-funded £20 mln of mezzanine transactions.

One of the first deals was a £12 mln facility to Central London based residential developer Quint & Flagship Group for their high-end development of a five-storey Georgian residence at 1 Hyde Park Place, London.