National property consultancy and surveyors, Naismiths has been appointed by Cardiff-based Hodge Bank to monitor the restoration of a Grade II-listed, WWII-damaged building in Bristol city centre.
Hodge Bank has provided funding to Bristol-based developer and property manager, Urban Creation, to convert the first and second floors of 76 Park Street, Bristol, into six spacious one-bed student apartments — and give the ground floor and basement commercial space a major refurbishment.
Naismiths’ project monitoring team is currently overseeing more than £2.8bn of development funding across 400 residential and commercial projects in England, Scotland and Wales. The projects range in value from £750,000 to £150m and beyond.
Blane Perrotton, managing director, Naismiths, said: “Urban Creation are doing something entirely unique in the Bristol area, managing not just to restore the city’s heritage but at the same time provide boutique lifestyle accommodation to students and professionals alike.
“Equally, it’s great that lenders of the calibre of Hodge Bank are prepared to take on these quirkier projects, and we look forward to working with both parties to get 76 Park Street finished on deadline.”
Andrew Button, head of investment finance, Hodge Bank, added: “Bristol is a thriving city and a major UK growth hub with a burgeoning student and entrepreneurial demographic.
“What Urban Creation are doing is genuinely different and we are thrilled to be able to help them turn their latest project into reality.”
Jonathan Brecknell, managing director, Urban Creation, said: “In Bristol there’s significant demand from both students and young professionals for a unique place to live that combines stylish interiors with historic grandeur, and this property delivers on both those fronts, as well as offering a fantastic location on vibrant Park Street.”