Property Finance team provides loan for a £7.9m residential development in Kent

Hampshire Trust Bank’s Property Finance team has funded the purchase of a former industrial site in Kent and its transformation into a significant residential development.

The project, which has a gross development value of £7.9m, involves the construction of 28 new residential units, comprising 12 three-bedroom semi-detached houses and 15 one- and two-bedroom flats.

The site is based in an attractive location, within walking distance of local amenities and transport links into London.

David Alcock, Deputy Managing Director of Property Finance at Hampshire Trust Bank, said:

This is a great example of the value-adding lending we focus on at Hampshire Trust Bank. The redevelopment of this site will transform it into an extremely attractive place to live, the type of place that will prove popular with local residents and commuters alike.