Sunday, May 19, 2024

Leeds-based commercial developer secures multi-million pound facility to fuel roadside development expansion

Eshton Group, a Leeds-based commercial developer, has secured a significant boost to its development strategy, having secured a multi-million pound facility from Handelsbanken.

The infusion of capital from Handelsbanken enables Eshton Group to amplify its ongoing search for strategic locations across Great Britain, further bolstering its portfolio of roadside and local shopping development sites in England, Scotland and Wales.

The developer’s forward-thinking approach is exemplified by its latest ventures in Northallerton and Castleford. In Northallerton, Eshton, in partnership with Aldi, is proposing a ‘modern day’ local centre on a gateway site to the North. Eshton’s development supports 900 new homes and a new school with a blend of food and beverage facilities linked to the food store.

Richard Tovey, Director at Eshton Group, said: “We’re thrilled to embark on this exciting journey with Handelsbanken by our side. This investment fuels our mission to deliver best-in-class roadside retail developments that not only meet but exceed the evolving needs of communities nationwide.

“Eshton boasts success in pinpointing strategic commercial property locations which, with the right development approach, fulfil urgent market needs. What’s different now is that we’re expanding our search. Across England, Scotland and Wales, we’re scouting commercial property development opportunities and locations that deliver job creation and community facilities.”

George Allott, Corporate Banking Manager at Handelsbanken Leeds Wellington Street, said: “Eshton Group evidence a strong 20+ year history in delivering quality assets to the communities of the North of England. The flexible funding structure we have provided for the group provides significant capital to accelerate their growth plans, helping create jobs and improve communities across the whole of the United Kingdom.

“Handelsbanken’s relationship banking model and ability to make local decisions aligned directly with Eshton Group’s requirements when looking for a banking partner to help expediate their growth plans. We are excited to start this journey as Eshton Group’s full banking partner and support their long-term growth strategy.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.








Latest news

Related news