Ground-Up Development

Back to school in Blackburn

A mix of old and new, as we helped a local developer convert an unused school building and build new ground-up townhouses on the perimeter of the site.

ACP Darwen 12
ACP Darwen 06
ACP Darwen 17
ACP Darwen 15
ACP Darwen 02

We provided a senior development finance facility to a local property developer operating in Blackburn and Bolton.

We helped our client to convert a period schoolhouse into eight apartments, retaining the high ceilings to incorporate innovative mezzanine floors. We also funded construction of six new-build homes on the same site, opposite a recently completed residential development also funded by Atelier.

Gross Loan

£1.4M

Term

18 Months

LTV

60%

Units Created

14

Exit Method

Sales & Refinance

"This was a fantastic brownfield project and provided much needed housing sympathetic to the local area. The finished properties were modern yet homely, being set inside a traditional schoolhouse structure."

- Laurence Robinson, Portfolio Manager

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