The West Country
Hodge Provides £5.1m Funding Facility to Help Secure the Future of Historic Grade II Listed Mansion, Hartham Park
Specialist lender supports investor Lucent Halo Ltd in acquiring landmark estate in Wiltshire
Hodge has provided real estate investor Lucent Halo Limited with a £5.1m commercial investment facility to support its acquisition of Hartham Park, an impressive Grade II listed mansion in Wiltshire.
A Georgian manor house built in 1795, the former country house is set in 49.6 acres and has most recently been used as a serviced office and events space, offering 68,000sq ft of accommodation, 70 individual office units and seven private meeting rooms just outside the town of Corsham.
Led by Hodge’s Commercial Lending team, the purchase of Hartham Park has also protected existing employees managing the property, with all current staff moving over to the new company, following its purchase from administrators.
Lucent Halo Limited also has plans to inject a new lease of life into the property and its associated businesses, making way for new opportunities through marketing, investment and growth, and attracting new businesses to the site alongside providing support for its existing tenants.
Gareth Davies, head of business development for Commercial Lending at Hodge said: “This purchase was not a straightforward transaction as the property was acquired by Lucent Halo out of a wider business administration, and the deal required considerable input from all areas of the Hodge Commercial Lending
team including business development, due diligence, credit and portfolio, together with our external legal advisers and valuer.”
“It’s obvious, however, that Hartham Park is a fantastic property and business and affords Lucent Halo a rare opportunity to create a destination location for serviced offices and events in a Grade II Listed mansion house and beautiful surrounding scenery stretching into the Wiltshire countryside.”
“This is the second transaction we’ve completed together, having built a strong relationship from our first transaction in 2023,” Gareth continued, “so, it’s been great to work with them again and I very much look forward to the next one.”
Matt Slade of Lucent Halo said the company had been particularly impressed with the flexibility and commitment shown by Hodge in completing the deal within a 10- week timeframe, despite much of it happening over the Christmas period.
Matt said: “It’s been great working with Gareth and the Hodge team again on the acquisition of such a unique property. Purchasing Hartham Park out of a wider business administration did not come without its challenges, but Hodge understood the transaction and supported us throughout taking sensible, commercial views that resulted in a successful outcome all round. We’d like to thank the whole Hodge Commercial Lending team and hope to partner with them again in the future.”
More information about Hodge and its products can be found at:
hodge.co.uk/intermediaries/
Lunch Event Celebrates Completion of 1 Newbridge Square, Swindon
FI Real Estate Management recently celebrated its stunning £8 million transformation of 1 Newbridge Square in Swindon with a vibrant networking lunch event.
Agents, VIPs, journalists and members of Swindon Borough Council, Thames Valley Chamber of Commerce and the Federation of Small Businesses enjoyed sushi, drinks, and music from former Hed Kandi and Ministry of Sounds DJ, Dean Oram.
Dominic Knowles, Head of Offices at FI Estate Management, commented: “It was fantastic to showcase the building to our guests and share our vision - the feedback has been amazing, and it’s great to be part of the wider regeneration of Swindon.”
Cushman & Wakefield, Loveday, and Smethurst are acting as joint agents for the office space.
For more information go to
fi-rem.com/property/1-newbridge- square/
Newbridge Square COMMERCIAL PROPERTY MONTHLY 2024 55
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82
