£16.2m development in Cabris Bay, Cornwall has received the permission and funding to construct 36 new apartments aimed at the over 55's, being the first scheme of its kind to be financed by a specialist bank.
“It’s an exciting time for the business as we go forward with this development and its reassuring to know that we have the support of Shawbrook, which has already demonstrated expertise and flexibility with overcoming challenges both on and off site,” said James Simpson, managing director at Derrington Group.
John Hughes, relationship manager at Shawbrook Bank, added: “The development will not only be a great success for Oceanview Carbis Bay, but it will also add significant value to the local people, providing them with more options of quality housing.”
