United Trust Bank (UTB) has supported Stephens + Stephens’ development of 32 luxury apartments in Newquay, Cornwall.
The scheme, known as Cliff Edge, is the second phase of the redevelopment of a former hotel site and comprises a new apartment building set over basement, ground and four upper floors.
The first phase was completed last year and achieved a strong level of sales from purchasers looking to capitalise on the demand for holiday accommodation in the area, as well as those wishing to live there.
UTB provided £15m of funding towards the completion of phase two of Cliff Edge, which offers 32 apartments ranging in price from £250,000 to well over £1m with the majority enjoying spectacular sea views.
Paul Stephens of Stephens + Stephens said: “We are delighted to be working with United Trust Bank on this prestigious development in Cornwall.
“This is our first project with the Bank, and we have found the whole team approachable, engaged and committed to working in collaboration with us to deliver this project.
“We are looking forward to the months ahead and working together on future schemes.”
Orla Costello, senior director – property development – United Trust Bank, said: “We love working with people who are passionate about property and Paul and Helen are exactly that. #
“They have completed many fabulous developments across Cornwall and picked up several awards for exceptional design along the way.
“This is the first time UTB has supported a Stephens + Stephens development and I am confident that it will be another success to add to their outstanding track record.”
