Member Article

Dransfield secures £2.37 million for Hull retail development creating 50 jobs

Barnsley-based Dransfield Properties Ltd has secured £2.37 million of funding facilities from the RBS Real Estate business.

The scheme is being delivered by the company’s Mount Pleasant Urban Regeneration Ltd and will see up to 50 new jobs created in the local area.

The new retail development will be anchored by a 25,000 sq. ft. B&M store with a garden centre, Subway are also taking a unit at the new development and three further new retail units are being created.

Two empty shops fronting Holderness Road are being refurbished and brought back into use as part of the overall project.

It is hoped the new facility will be open for business by summer 2015. Dransfield Properties is a new client for RBS Real Estate.

Mark Dransfield, managing director of Dransfield Properties, said: “There is a long held aspiration for a new development on this site in East Hull and we are delighted to be in a place where we can begin building this facility.

“We chose RBS Real Estate as the bank has excellent knowledge of the sector, and can offer the funding facilities and support which meet our needs for the development.”

David Salisbury, senior director of Real Estate at RBS, said: “Dransfield Properties has a proven track record in creating developments that benefit local communities.

“The new retail complex in East Hull will not only create jobs but support regeneration in this area. I am delighted to support Dransfield Properties on this new funding arrangement and look forward to working with the company in the future.”

This was posted in Bdaily's Members' News section by Clare Burnett .