Hampshire Trust Bank’s (HTB) Development Finance team in Leeds has provided a £4m loan to developer Round Strategies to fund both the conversion and renovation of Spenfield House, a Grade II* listed Victorian mansion in West Park, Leeds, breathing new life into the previously vacant property, and the construction of new contemporary housing in its grounds.
Three-storey Spenfield House is historically significant. Built in 1876 for the banker James Walker Oxley, the architect was George Corson, who designed other landmark buildings in Leeds including the Grand Theatre and City Library.
As part of the Spenfield Court project, which has a gross development value of £7m, the mansion will be converted into six apartments and one studio, with many period features being restored. In the grounds, seven contemporary townhouses will be built.
David Whitehouse, Regional Lending Manager, Development Finance, at HTB, said: “Spenfield House is a beautiful Victorian mansion and it’s fantastic to be involved in project that is breathing life back into the property, providing much sought after homes in such a stunning location.”
HTB has a dedicated Development Finance team based in the North of England, with a new office scheduled to open in Leeds shortly.
Henry Kordowicz of Round Strategies said: “Following a lengthy four year design and planning process I was delighted to receive a prompt and supportive response from Hampshire Trust Bank to help finance this exciting bespoke development.”
For more information on HTB’s Development Finance Northern team.