The specialist short term property lender is helping to fund a £12.2m part-new build scheme in the Northern Quarter of Leeds city centre. Features include converting an existing office building to 60 apartments, including the development of a new build section with a further 19 units. The build cost of the project is £7.2m.
In addition, the company is developing 127 student rooms in Sheffield, valued at £8.34m. Work at GSD Riverside is set to begin early next year and the build cost is valued at around £5m.
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Elsewhere, Amicus is working on a £1m refinance facility for a residential site in central Manchester.
In addition to a new office opening in Manchester, the company is looking to significantly expand its presence across the North.
Shoaib Bux, Divisional Director at Amicus Property Finance, said: "We've seen high levels of interest from the North, particularly from direct clients. Property development is often a complex process and we always look to deliver a solution that actively works with all our stakeholder partners. We build our most successful deals on the bedrock of effective collaboration and strong localised personal relationships.
"The opening of the Manchester office means that we have a strong on the ground base to fund local projects and service clients who are often overlooked by more mainstream lenders.
"Manchester is the capital of the Northern Powerhouse and a part of the UK that is seeing high levels of growth despite uncertainty surrounding Brexit. Our expansion reflects our commitment to providing the highest quality of service to our clients and to our intermediary partners on a localised basis."
(LM/CD)
