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G&C Finance seals first East Midlands deal at Victorian site
11/12/06
G&C Finance & Consultancy has signed its first deal in the East Midlands, sealing a multi million pound transaction in the heart of one of England's most prestigious conservation areas.
The 100 per cent residential development specialist has backed Derby developer Livingbyd'zign in an innovative £3.5m scheme in Rolleston-on-Dove. Alder's Reach, set in the grounds of a former Victorian mansion, is a high quality courtyard development of three and four bedroom mews style homes.
Bound by communal orchards and enjoying open fields to the rear, all eleven homes at this historic brown field site are due for completion early in the New Year (2007).
Jonathan Dyke, project director at G&C Finance & Consultancy said: "We are delighted to be involved in this scheme which we feel offers something very different to the local marketplace.
"Livingbyd'zign are award winning developers who are enjoying rapid growth at the cutting-edge of property development. We can help accelerate that growth by providing 100 per cent funding on opportunities such as Alder's Reach, which needed a quick evaluation and funding decision to ensure the scheme could progress.
"This is our first deal in the East Midlands, a region which we believe has significant untapped opportunity. We are now talking to a number of developers in this region who are keen to boost their own development plans and are attracted by the innovative financial and consultancy service we can bring to the deal."
Located in the heart of Rolleston, the site is less than 100 metres north east of the junction with Church Road and the Spread Eagle Public House. It is one of the most popular villages within the local area benefiting from strong primary and secondary schools and excellent access to the A38.
Simon Dawson from Livingbyd'zign, said: "This is a key site for our business and it was essential to have the right team on board from the start.
The team at G&C has undoubtedly proved themselves on this project. Alongside strategic sales and marketing advice, they have given us build and construction programme guidance and relevant cost analysis to ensure maximum potential has been gained for the scheme. This deal was signed and sealed in less than six weeks enabling us to purchase this opportunity and move forward with our business plan well ahead of schedule.
"Alder's Reach is a perfect example of the high quality and environmentally sensitive homes we strive to deliver to the marketplace. These houses will enjoy traditionally constructed exteriors combined with the latest high quality specification and design that gives a modern 21st century twist."
Jonathan Dyke added: "We are very pleased to be involved in this scheme. Rolleston-on-Dove is a village of real character and these outstanding new homes will certainly add to the beauty of the setting. "
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