Beaufort is delighted to announce the completion of a mezzanine investment to City & Country, the UK’s leading developer of heritage properties. The facility will support two of City & Country’s prestige developments in Bristol; The General and Factory No.1.
The General is a multiple-award winning development of 205 residential units and four commercial units at the former general hospital in the centre of Bristol. Originally opened in 1858, the hospital finally closed its doors in 2012.
City & Country has set about a painstaking renovation and conversion of the property, setting new record prices for the local market with the first two phases of the development. The property also boasts a Michelin starred restaurant on the ground floor.
Factory No.1 is a former tobacco factory located on the main thoroughfare of Bedminster, a stone’s throw from the centre of Bristol. The development will consist of a range of 247 one, two and three bedroom apartments across converted and new-build elements. City & Country hope to launch the development in the second half of 2018.
Mark Fowler, Finance Director for City & Country, said,
From the very first meeting with the Beaufort team we knew this was a business we wanted to work with.
“They showed a real interest in our business, desire to work with us and throughout the whole process operated in a calm and professional manner.
“We genuinely believe this is likely to be the beginning of a fruitful partnership and we look forward to doing many more deals together”.
Factory No.1, Bristol
Joe Flaherty, of Beaufort Capital Management said,
“We are very pleased that this facility has been concluded, and we’re really looking forward to working with Tim, Helen, Mark and the rest of the City & Country team.
“City & Country’s reputation as the pre-eminent developer of heritage properties precedes them, and the Beaufort team were very impressed by what they have achieved in the first phases at The General.
“We believe Factory No.1 to have huge potential and to be a worthy addition to City & Country’s exceptional portfolio of developments.
“We very much look forward to helping them realise the huge potential of the site over the coming months.”