REGIONAL DEAL OF THE YEAR
Bristol developers Cubex bring new lease of life to Finzels Reach. In conjunction with its funding partners Palmer Capital, Cubex acquired, via a loan purchase, Finzels Reach, a strategic city centre site in Bristol, where the lending bank had foreclosed and appointed a receiver.
The regeneration development had stalled and the challenge Cubex & Palmer Capital faced was to reinvigorate the project, delivering the vibrant mixed use community of over 430 apartments, 240,000 Grade A office accommodation, 40,000ft of retail and leisure space and a new bridge linking the development to Cabot Circus.
In just 18 months the investors have seen over 20% returns on their investment, with further gains expected.