Hodge funds renovation of Bristol’s “The Red Lion” Public House plus 9 new apartments
In a latest deal, Hodge will work with Vertex Investment Group to fund the conversion, extension, and redevelopment of a former public house, The Red Lion in Staple Hill, Bristol.
Hodge has agreed to fund Vertex Investment Group’s latest development venture – the conversion, extension, and redevelopment of a former public house in Bristol, The Red Lion.
Located in the well-regarded residential area of Staple Hill, 10 minutes from Bristol city centre, the development will breathe new life into The Red Lion – creating a mixture of one, two, and four-bed flats, as well as significantly upgrading and expanding the commercial space. The locally listed building will remain and be converted, and a new build element will adjoin the existing property.
Vertex plan to retain the commercial space of the original pub once converted, turning it into a food-led café / pub establishment. Located to the east of Staple Hill’s primary high street opposite Page Park, the flats will be close to local amenities, and have both car parking and outdoor space.
Speaking about the deal, Greg Pescott, Senior Development Finance Manager at Hodge, said, ‘I’ve worked with Matt and the team at Vertex on a previous development, and it’s great to be able to support them again with this latest venture. It’s an exciting development in a popular residential area, which is brilliant to be a part of.’
Matt Slade, Managing Director of Vertex, said, ‘We’re extremely pleased to have the support of Hodge on our latest development project. They’re a great lender to work with, and have been very flexible, adapting their offering successfully to the bespoke nature of this mixed-use development and our build to retain model - we hope to continue working together in future.’
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