United Trust Bank provides £3.5m funding for Burrington Estates’ first new Plymouth commercial development
Burrington Estates has recently completed the construction of 30 high quality business units at Eurotech Park in Plymouth with £3.5m of funding from United Trust Bank.
This sees the successful completion of the first commercial development project from the innovative developer which is leading the way in high quality projects in the West Country and beyond.
The construction of the 1,000sqft units took just 8 months to complete and the development redefines the standard of commercial units with a focus on quality and sustainability. All units benefit from energy efficient on-roof solar PV panels and EV charging bays, helping businesses to reduce not just outgoings but also their carbon footprint. And as well as contributing to improved thermal efficiency, the latest insulated panel technology used for each unit provides fire safety and lifetime durability.
United Trust Bank provided £3.5m of funding for the build and also funded Burrington’s second commercial development of 35 similarly high-spec units at SkyPark Exeter, which is now fully reserved and nearing completion. With such a clear demand for this type of business unit, Burrington Estates is committed to providing further commercial sites in the Southwest region in the near future.
Burrington Estates commercial managing director, Matthew Bennett, said “We’re proud of this achievement, and it’s gratifying that there was such huge interest in the units even before the build started with an impressive 90% of the units sold off plan. There is clearly a need for this type and size of commercial unit built to such a high specification as these.
“We were delighted to work with UTB on this scheme and the service we receive from Orla Costello, Simon Cartwright and the whole team is always quick and efficient. We look forward to delivering another successful UTB funded development at Skypark in Exeter.”
Orla Costello, director – property development, United Trust Bank commented: “We are delighted to support Burrington Estates’ exciting projects in Plymouth and Exeter. The high percentage of sales agreed off-plan demonstrate that there’s a strong demand for great quality smaller commercial units in the South-West and Burrington have shown that they’re leading the way in delivering exactly what the market wants. UTB is committed to supporting high quality residential, commercial and mixed-use schemes from experienced developers across England and Wales and we’re very much looking forward to working with Burrington Estates on their future projects.”