Up-cycling in an Essex heartland

We assisted a local developer transform a local landmark site of vacant office buildings into modern apartments and houses.

We provided a 16-month, £12 million senior development facility to a seasoned property developer and repeat client based in the home counties.

Our client purchased a large, complicated site complete with mid-century office buildings, period residential buildings, car parking, and gardens. Our facility helped to transform this site into 49 new homes, while preserving original features and local heritage. Our in-house expertise helped identify and resolve some complex site issues, and the recycling of existing structures helped greatly reduce embodied carbon.

Gross Loan

£10.4M

Term

16 Months

LTV

67%

Units Created

Exit Method

Sales

“Often, complicated mixed use sites can be too challenging for some lenders, however at Atelier we have the resources and appetite to find a way through. This development will be transformative for the local community and puts an existing buildings back in to use.”

- Matt Measures, Senior Investment Manager