Aldermore funds Gloucester apartment complex

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  • 19/07/2017
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Aldermore funds Gloucester apartment complex
Aldermore has provided a £1.7m facility for the development of 22 new apartments in Gloucester.

Developer Cape Homes coverted grade two listed Victorian building Albion House into an apartment complex thanks to the challenger bank’s funding.

The project involved the demolition and alterations to the listed building along with its adjoining structures, resulting in the development of nine apartments within Albion House, two apartments within the Coach House, a terrace of four dwellings, as well as a four storey block comprising seven apartments at the rear courtyard.

Simon Knowles, head of property development at Aldermore, said: “Over the past 17 years Cape Homes has been delivering high quality housing in the Gloucestershire region and we are delighted that we could offer support for the development of 22 new apartments at Albion House. We are pleased to have supported Cape Homes, especially at a time when developers are playing such an important role in delivering the housing the country desperately needs to tackle the serious lack of new homes.”

Mark Holland, managing director and founder of Cape Homes, praised the lender for being “extremely easy to work with throughout the whole process”.

He added: “The flexibility has allowed us to have access to funds that will help support our business and provide much needed further housing to the community.”

 

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