Hampshire Trust Bank is funding the first phase of a significant mixed-use development in Bristol.
Phase one of the project, which has a gross development value of £12.7m, involves the building of 41 residential units and 4 commercial units. The completed development will comprise of 78 units.
Work on the first phase is well underway and is due to be completed in October 2016. Once the first part of the project has been completed, Hampshire Trust Bank will look to support the South West-based residential developer during the second phase of the development.
David Alcock, Deputy Managing Director Property Finance at Hampshire Trust Bank, said: “The South West is a hive of building activity.
“This is an exciting development which will provide much needed housing, as well as commercial units, in a prime location. We are looking forward to seeing this site develop and grow and with working with the developer again in the future.”
Thanking Hampshire Trust Bank for its help on the project, the broker involved said:
It’s refreshing dealing with a bank with a can-do attitude.