A grade one opportunity
Barnett Developments, with residential development funding secured through Wolsey Securities, is undertaking a significant conversion scheme in Bristol that is having a big impact on the regeneration of a classic Georgian Square in the heart of the City.
But, it appeared funding had initially been hard to secure. Chris Foulkes, Development Director for Wolsey Securities, explains, "on meeting the developer, we recognised immediately the funding opportunity, where it appeared other funders had not. Despite the challenges of having a Grade One listed facade and in a location that had been neglected for some years, we saw that it was clearly a brilliant conversion scheme and we were able to move quickly to secure the required finance."
17 luxury apartments have been created at Portland House, Portland Square, ranging from one to four bedrooms. Foulkes adds, "this scheme is the first of a number that are transforming the locality and desirability of this central location, which is clearly manifesting itself in the high quality and rapidity of the sales performance. A Grade One opportunity for all involved."
Housebuilder Magazine, 2015