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October 6, 2010

Funding secured for £50 million commercial property scheme

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A major property development has been given the green light to continue after it secured vital funding from Santander Corporate Banking.

Halifax's Broad Street Plaza Development in Yorkshire is worth £50 million and is already 70 per cent pre-let, according to the Yorkshire Post.

Commenting on the recent developments, David Brimblecombe, managing director of Gregory Projects, said: "To secure a funding deal of this size on a major mixed use scheme in the current climate is fantastic news and a very positive message for the region."

The scheme, which will include offices, a restaurant, a cinema and a 100-bed hotel, has already created hundreds of jobs and has been welcomed by the community.