Two local companies have come together to deliver a mixed-use riverside development in Bath, which will see the creation of new residential apartments and office space.
The 50-50 joint venture between Rengen and Longacre will see the companies combining their skillset to deliver 56 studio apartments next to the River Avon, overlooking Pulteney Bridge, on Spring Gardens Road.
The development, known as The Riverside, will also include approximately 8,000 sq ft of refurbished office space across the ground floor and basement.
Longacre and Rengen purchased the property, Eveleigh and Riverside House, from Civica UK Ltd and secured permitted development rights to convert the building from surplus office space into residential on the upper floors.
Work began on site in January, with occupation expected in the autumn and the refurbished office space completed before the end of the year.
Rengen CEO, Iestyn Lewis, said: “Rengen is excited to embark on this JV with Longacre to maximise the potential of this fantastic building in an unrivalled location close to the city centre.
“Both companies have a proven track-record of sensitive refurbishments of significant and historic buildings in Bath which is why the partnership makes so much sense.
“We’re very much looking forward to seeing this project gather pace over the coming months and delivering another quality development for the city.”
Mark Tyrrell, Director of Longacre, added: “Having known Iestyn and his team for many years there was an obvious fit with Longacre.
“Both companies focus on realising the potential of underused sites whilst ensuring high-quality refurbishments befitting of their setting.
“During these challenging times we’re pleased to be able to embark on this project and we look forward to unveiling the end product later in the year.”