Urban regeneration in Reading
We provided a land bridge facility to enable our client to gain full planning permission for residential and commercial use on a brownfield site.
We provided a senior land bridge finance facility to a repeat client with strong experience delivering residential schemes on brownfield sites.
We helped this client with a nine month bridge to provide time for full planning consent to be granted on a residential scheme in central Reading. The site will eventually deliver 26 new homes in an area allocated by the local council for regeneration. Over 30% of the proposed units will be allocated for affordable housing.
“Brownfield sites can often be less appealing to developers as they can be complicated. This site wasn’t without its challenges but we found a way through and full planning has now been granted.”
- Martin Gilsenan, Chief Originations Officer
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