Project Summary
![Portland Street](https://www.moore-dm.co.uk/media/pages/projects/portland-street/be1f495d08-1677247937/portland-st-cheltenham-700x500-crop-q90.jpg)
- Project
Town Centre Regeneration - Size
2 acres - Planning Status
Outline planning permission (2013) - Use
143 homes - Partnership
MF Freeman Group
Moore Achievements
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Complex acquisition given fractured ownership, linked planning permission and restrictions on title.
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Replaced existing car park operator on management agreement with NCP on a new Full Repairing and Insuring Lease, subject to landlord development break options.
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Collaborated with Cheltenham Borough Council and Homes England to secure £3m of grant funding for the delivery of the strategic infrastructure associated with the development.
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Explored alternative uses and funding arrangements for the development of the site including extra-care and build-to-rent with a view to overcoming viability challenges.