Shawbrook Bank has provided Arc X Developments with £4.5 million in development finance. This capital is earmarked for the realisation of a residential project on a former quarry site in Combe Down. The location is approximately 2.5 kilometres from Bath city centre.
The 21-month financing covers both land acquisition and the construction of six detached residential properties on the wooded plot. The project is expected to have a Gross Development Value of approximately £6.75 million. The initiative underscores the bank's commitment to supporting high-quality residential development projects in attractive locations.
Project in Detail
The undertaking in Combe Down is an example of the repurposing of industrial land into high-quality residential accommodation. The integration of the six detached units into the existing woodland landscape requires careful planning and execution to preserve the natural environment while providing modern living comfort. Arc X Developments is known for developing properties that respect the architectural characteristics of the site.
Shawbrook's provision of financing followed a comprehensive review of the project plan and market potential. The bank regularly emphasises the importance of sustainable developments and the creation of housing that is both integrated into the local community and meets current residential needs. Such financing contributes to the vitality of the regional property market.
Market Context
The property market in the Bath region is characterised by high demand for upscale residential properties. Projects that offer a particularly favourable location and a well-conceived design attract considerable interest. The proximity to Bath city centre, combined with the peaceful, nature-rich environment of the former quarry, positions this project attractively for potential buyers. Shawbrook Bank acts as an important player in enabling such ventures.
- —Financing volume: £4.5 million
- —Project location: Combe Down, 2.5 km from Bath
- —Number of units: 6 detached residential properties
- —Estimated Gross Development Value: £6.75 million
