Project Newbury

A development site with planning permission for 177 luxury homes, £4.5m of debt which was due to be imminently repaid, a large CIL payment due, and no clear way to redeem the debt or finance the build in an uncertain market. The debt was restructured and serviced by us, the planning varied, CIL waived, and development commenced; with a development contract in place with the outgoing ownership team which ensured an equitable share of the proceeds of the project once completed (practical completion expected late 2024).