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Case Study

Bishops Place

‘Bishops Place’ is a newly converted development of 15 luxury apartments located within Newark town centre, all with allocated parking. Bishops Place is a Grade II listed building and internally has been converted to a high standard with luxury fittings throughout and highly benefits from its central location in Newark.

These luxurious apartments are situated within one of Newark’s iconic property conversions and benefits from a secure entry system and electric gated parking facilities.

Positioned only a stone’s throw from Newark’s marketplace, the conversion retains many period features including heavy beams, Victorian style radiators and sash windows.

With secure communal areas and access the apartments consist of spacious bedrooms, a quality shower room, and a lounge/diner with opening to a luxury fitted kitchen having integral appliances including fridge/freezer, washer/dryer, electric oven, hob and extractor hood. The apartments also benefit from gas central heating and have allocated parking spaces within a secure car park.

Case Study

Hilltop House

A Nottingham construction business has secured a £250,000 loan from MEIF Maven Debt Finance.

LJ General Builders will use the funding to accelerate its growth plans following a new contract with Nottingham Community Housing Association.

The Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners, provided the boost to the general builders company which undertakes residential and commercial property builds, renovations and extensions.

The loan will support the company’s expansion plans, enabling it to finance a new contract to build several properties for the Nottingham Community Housing Association.

LJ Builders managing director Leigh Shorrock said: “We are delighted to receive this funding boost to enable us to execute our growth plans.

“Winning the bid for the social housing development on behalf of the Nottingham Community Housing Association has opened the doors for the next growth stage for us and we’re looking forward to this new chapter.”

Richard Altoft, investment director at Maven Capital Partners, added: “LJ Builders is a well-established business with a good history of building on time and within budget.

“This is undoubtedly a step change in the company’s growth aspirations, but the company has been further strengthened in recent years and is suitably positioned to take on bigger projects.

“We are delighted to provide the business with this loan to help the team pursue their ambitious plans.”