Together finances luxury Cheshire apartment development

A development finance facility from Cheadle-based property lender Together has financed a development of six apartments in Prestbury, Cheshire.

Once construction completes in June, the exclusive development of six apartments – including two penthouses – will go on the market for between £2 million and £2.5 million, making them among the most expensive flats in the North of England.

The Fairways scheme overlooking Prestbury Golf Club has been designed and built by Prestbury Estates. Simon Kimble, founder and CEO, said:

“Fairways is designed to appeal to a whole host of buyers, including businessmen and women who typically own a considerably-sized house and are looking to downsize to a more manageable apartment. However, they don’t want to compromise too much on space and still need to accommodate friends and family when they visit.

“The market for this kind of development is strong. If you want a large apartment, there’s nothing else currently available in Cheshire that I’m aware of.”

Fairways is Prestbury Estates’ fourth development backed by financing from Together. The specialist lender, which launched a £150 million fund last month to support SME developers to build more homes, previously provided finance for the high-end developer to build the Windswood apartment scheme in Bowden, near Altrincham, luxury serviced apartments in George Street, Alderley Edge and Canal Wharf House in Castlefield, Manchester.

Mark Woolley, who manages the relationship between Together and Prestbury Estates, said:

“Having worked with Simon Kimble and his team over many years, we were in no doubt this would be an incredibly high-quality development carrying substantial buyer demand. We’ve built up a really strong partnership and share Simon’s enthusiasm and ambition to provide some of the finest new apartments in the region.

“The Prestbury Estates development is near to Manchester Airport and within walking distance of Prestbury village and part of the Golden Triangle, an area of wealthy towns and villages in Cheshire known for its incredible houses which sit among spectacular countryside.

“Unsurprisingly given its location, one of the Fairways apartments has already sold and we’d expect huge demand for the remaining properties from clients looking for a modern and exclusive turnkey property in this beautiful part of the country.”