Login  |  Signup   Connect with us  

Former Bath Press site to be redeveloped to create over 200 new homes

Aberdeen Asset Management (Aberdeen) has bought a five-acre site in central Bath for its residential opportunity fund from Meyer Homes.

 

The purchase paves the way for 244 apartments and houses, 16,000 square feet of flexible business space accommodation and 204 car parking spaces on the former Bath Press site.

 

Designed by Collado Collins the development will retain some of the most iconic elements of the building such as the main historic façade and the chimney.

 

“The Bath Press site provides us with an excellent opportunity to deliver a scheme of scale and quality in the under supplied and highly sought after central Bath residential market,” said Ed Crockett, head of UK Residential at Aberdeen “This is the second UK asset acquired by this pan-European fund which continues to seek further opportunities to regenerate tired or redundant commercial buildings into much needed residential accommodation.”

 

The completed scheme is expected to be valued in the region of £100 million and Sculpture Real Estate have been appointed as development managers for the delivery of the scheme.

 

Jonathan Meier, director at Sculpture Real Estate said: “With the backing of Aberdeen we will be redeveloping this significant historic site that has stood derelict for over 10 years. The history of the site and the city will come through in the quality of the finished product and will further regenerate this area of Bath.”

 

Demolition of the existing buildings is expected to start imminently with construction expected to start early next year.

 

Rosebrook Property Investment Consultancy represented Aberdeen and Savills represented the vendor. 

Share this story: 

Add new comment

Latest #ukhousing Tweets

Ecodan for New Build Applications