Cambridge & Counties £530k funding supports renovation of Grade II listed property

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  • 20/11/2018
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Cambridge & Counties Bank has completed a £530,000 deal with a Sheffield-based Sevenhill Estates to renovate a Grade II listed building.

 

Vestry Hall (pictured) located close to heart of the University of Sheffield campus in the Crookesmoor Road area has been converted into a 21-bedroom student housing property.

Originally built in the 19th century, Vestry Hall had been vacant for several years and required a full overhaul after it fell in to a state of disrepair caused by water damage and structural movements.

The lender noted that while Sheffield had benefitted from strong growth in its student population to stand at around 65,000, much of the development had been in the city centre.

This was despite the Crookesmoor area being popular with university students.

Sevenhills Estates director and founder Bo Khan said: “Demand for student accommodation in Sheffield remains as strong as ever, and the opportunity as well as the business case for us to renovate Vestry Hall was compelling.

“Cambridge & Counties Bank has supported my business during the last few years and once again provided the right funding solution and valuable support which allowed us to carry out this exciting development.”

Cambridge & Counties Bank business development manager Richard Renzi added that the lender was delighted to help complete this project.

 

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