Delighted for our friends at Alec French Architects that the next phase of Wapping Wharf in Bristol is now able to go ahead, following a funding agreement between joint venture developers Umberslade and Muse Developments.
The £23.4m loan terms from Homes England will fast-track the mixed use scheme, comprising 324 apartments for sale and for rent including 81 affordable units, 6 retail units.
Following recent enabling and preparatory works, including repairs to the Grade II listed 19th Century Gaol Gate and Gaol Walls that form part of the site, work on delivering Phase 2 will begin next month.
Phase 1 has become a thriving leisure destination in it's own right, with a fantastic public realm including the Cargo container village which is home to outstanding food, drink and retail offerings from custom bikes to traditional cider a proper 'Cheesemonger' (which we're pleased about as we still mourn the last dedicated cheese shop to exist in Bristol that closed 20 long years ago...)
Nick Walkley, chief executive of Homes England, said: "Homes England is hugely excited by the potential for new homes in Bristol and we want to use our finance and expertise to speed up the delivery of new homes.
"We have previously supported the award-winning first phase of the Wapping Wharf scheme and the £23.4m loan through our Home Building Fund will help transform this site, creating 256 new homes in the city centre. I am pleased we have also provided affordable housing funding to enable Sovereign Housing to provide 49 homes for shared ownership."