Property Tribes visited St. Helens to find out more about how the iconic Tyrers building in the town centre is being converted into a mix of leisure and residential by the Luxor Group.
Vanessa Warwick from Property Tribes said “It’s always inspiring to learn about development projects of other PT members, find out how they financed them, and how they are going to realise their vision for their project”
“We recently met up with Liverpool based property developer, Paul Nicholson, Founder of Luxor Estates, to hear about his latest purchase – the iconic Tyrers Building in St. Helens – and how it will have a £1million refurb undertaken by Paul’s company to regenerate the town centre.”
“We visited Paul right at the start of the project when the building is still an empty shell from it’s previous life as a department store.”
“As Paul mentioned, he is funding the development through a cash purchase and refurb funds, and is then refinancing on completion to a long-term loan provided by Shawbrook Bank.”
St Helens town centre manager Gary Maddock said: “It’s great to see a local developer invest in the area and convert an empty building in to a viable scheme which will benefit the whole community.
“Investment is key to attracting new businesses and footfall so we are excited to see Luxor’s development come to fruition and make a positive contribution to St Helens.”
See also – Dynamic developer – Paul Nicholson | Luxor http://www.propertytribes.com/showthread.php?tid=127628171&highlight=dynamic
Find out more at Luxor Group website. http://www.luxor-estates.com/
Read Paul’s article for Property Week – Mixed use spaces are essential for Britain’s High Streets http://www.propertyweek.com/opinion/feedback/mixed-use-spaces-are-essential-for-britain%E2%80%99s-high-streets/5087432.article
A Case Study produced for Shawbrook Bank with Paul Nicholson, as it goes into further detail of the project and how it was funded.