Hampshire Trust Bank’s Property Finance team has provided a loan to Cleanslate for the redevelopment of a site in Weybridge, Surrey.
The project, which has a gross development value of over £20m, involves the demolition of an existing commercial property and the construction of 46 residential units and two retail units.
The development, which will comprise of one-, two- and three-bedroom apartments and includes basement parking, is centrally located, with access to local transport links.
John Pollington, Director of Property Finance at Hampshire Trust Bank, said: “At Hampshire Trust Bank we are focused on supporting experienced property professionals who understand the local area and the type of properties that people are looking for.
Weybridge is a popular commuter town with links in to central London and a range of local amenities. This is the type of development we like to support and we look forward to working with the developers involved again.
Brian Norton, Chairman at Cleanslate, said: “This is an exciting project in a prime location. Working with Hampshire Trust Bank has been extremely straightforward. We take the same relationship-based approach and we hope to work with them again in the future.”
Hampshire Trust Bank’s Property Finance division offers creative and customised financing solutions to experienced property professionals across the UK – all centred on a traditional relationship-based approach to banking.
The ideal Property Finance facility is in the £1m to £15m range, although the team aims to be flexible, ensuring customers never miss the right opportunity. Timing can be everything and the team is committed to providing a responsive, supportive and professional service throughout.