Developer secures over £21m for next stage of Derby’s Silk Yard development

Click to read the article in full.  

Elevate Property Group has secured a £21.1m funding package from Paragon Bank to back the next stage of its Silk Yard development, a 258-apartment scheme in the centre of Derby.

The latest phase will include 164 studio, one-, two-, and three-bedroom apartments, along with a central gated courtyard for residents to enjoy outdoor space.

The project will unfold over three phases and is anticipated to be finished within a two-year timeframe.

Related Articles

Paragon Bank previously supported Elevate Property Group with £11.9m for the first phase of the Silk Yard, which will be finished by summer 2024 and has already sold over 60% of its 94 apartments.

James Costello, managing director of Elevate Property Group, said: “It’s

 link source - The Business Desk

Continue reading this article at the original source Here