Flexibility presents opportunity in Birmingham
This office refurbishment gained additional value as our client adapted to market changes by gaining permission to add residential accommodation above the commercial space.
We provided a senior development facility to an experienced property development firm operating specialising in the Midlands region.
We provided finance to enable our clients to refinance, refurbish and re-let an office building in Birmingham. However, changing market conditions resulted in the client changing strategy and seeking permission for residential accommodation above the office space during our loan term.
“This was a great example of an agile property developer working with our team to secure a good outcome in challenging market conditions.”
- Graham Emmett, Joint Chief Executive Officer
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