Two South West development companies have joined forces in Bath to deliver a riverside city-centre residential scheme.
Rengen and Longacre have both earned reputations for creating quality developments and undertaking sympathetic renovations of historic buildings throughout the region.
Rengen has undertaken significant landmark developments including Widcombe Social Club and The Labour Exchange (both in Bath).
Longacre’s impressive portfolio includes Milsom Apartments (Milsom Street, Bath) and Fitzroy House (Great Pulteney Street, Bath)
The new 50-50 joint venture will see the companies combining their wealth of development expertise, experience and knowledge to deliver 56 studio apartments next to the River Avon, overlooking Pulteney Bridge, on Spring Gardens Road.
The development, known as The Riverside, will also include approximately 8,000 sq ft of refurbished office space across the ground floor and basement. Longacre and Rengen purchased the property-Eveleigh and Riverside House- from Civica UK Ltd and secured permitted development rights to convert the building from surplus office space into residential on the upper floors.
Work began onsite in January with occupation expected in the autumn and the refurbished office space completed before the end of the year.
Rengen CEO, Iestyn Lewis, said, “Rengen is excited to embark on this joint venture with Longacre to maximise the potential of this fantastic building in an unrivalled location close to the city centre.
Both companies have a proven track-record of sensitive refurbishments of significant and historic buildings in Bath which is why the partnership makes so much sense. We’re very much looking forward to seeing this project gather pace over the coming months and delivering another quality development for the city.”
Mark Tyrrell, Director of Longacre, added, “Having known Iestyn and his team for many years there was an obvious fit with Longacre. Both companies focus on realising the potential of underused sites whilst ensuring high-quality refurbishments befitting of their setting.
During these challenging times we’re pleased to be able to embark on this project and we look forward to unveiling the end product later in the year.”