Assetz Capital has completed a loan agreement with 9 Property Group Limited, providing a £1.837m refurbishment loan.
This loan supports the conversion of Chartwell House, Nottingham, from office to residential use, enabling the creation of 11 self-contained apartments, totalling 19 beds.
Andy Fraser, chief commercial officer at Assetz Capital, said, “We are delighted to continue our close association with Taj and provide a funding solution that allows the property to be converted from office to residential use and bring forward much needed residential space in the heart of Nottingham City Centre.”
Taj Ubhi, CEO of 9 Property Group Limited, added: “Assetz Capital continue to provide tailored funding solutions, and coupled with their ‘can do’ attitude and ease of doing business, remain a key funding partner to the 9 Property Group Limited.”
