A PROPERTY developer has secured a £2.5m funding package for a new-build apartment scheme.
Leeds-based Bankhead Group secured the funding from Paragon Bank’s Development Finance division for the Ilkley development.
The new scheme will comprise two and three-bedroom apartments, finished to a high specification.
The development is in the Middleton Conservation Area on Clifford Road, Ilkley, and is aimed primarily at those looking to downsize from their current property, yet still looking for ample living space and convenient access to the amenities in Ilkley town centre, the River Wharf, and Riverside Gardens.
Matthew Brooke, managing director at Bankhead Group, said: “It’s been a smooth process working with Paragon Bank to secure funding for this scheme in Ilkley, which promises to bring luxurious and well–designed apartments to this sought-after location mostly known for larger detached family housing.
"The new development on Clifford Road will provide spacious, high-specification apartments in the heart of Ilkley for those who are looking to downsize.”
Simon Dekker, senior relationship director at Paragon Bank, added: “Bankhead Group is passionate about delivering good-quality new homes in West Yorkshire. We hope to continue our relationship and support Bankhead Group in the future to provide more high-end housing schemes.
“A common dilemma for those looking to downsize is the lack of suitable alternative accommodation. Bankhead is providing an attractive solution, mixing well-designed, good quality housing and an attractive location.”
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