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Funding secured for £50 million Halifax commercial property scheme
A property development scheme in Yorkshire will continue to go ahead, after it secured funding from Santander Corporate Banking.
Halifax's Broad Street Plaza Development is worth some £50 million and is already 70 per cent pre-let, the Yorkshire Post reports.
The publication states it believes a development facility of £20 million has been provided by Santander, after the organisation expressed interest in bringing the project forward.
David Brimblecombe, managing director of Gregory Projects, says: "To secure a funding deal of this size on a major mixed use scheme in the current climate is fantastic news and a very positive message for the region."
Hundreds of jobs have been created in the property development scheme, which will include premises such as a cinema, restaurant, offices and a 100-bed hotel, the publication adds.
Santander has more than 1,300 branches and in excess of 25 million customers in the UK and provides both retail and corporate banking services.
Posted by James Collins
Halifax's Broad Street Plaza Development is worth some £50 million and is already 70 per cent pre-let, the Yorkshire Post reports.
The publication states it believes a development facility of £20 million has been provided by Santander, after the organisation expressed interest in bringing the project forward.
David Brimblecombe, managing director of Gregory Projects, says: "To secure a funding deal of this size on a major mixed use scheme in the current climate is fantastic news and a very positive message for the region."
Hundreds of jobs have been created in the property development scheme, which will include premises such as a cinema, restaurant, offices and a 100-bed hotel, the publication adds.
Santander has more than 1,300 branches and in excess of 25 million customers in the UK and provides both retail and corporate banking services.
Posted by James Collins
Wed, 8th Sep 2010