£55m resi scheme for former Barnes Hospital

PROPERTY developer Henley Homes is embarking on a £55m housing development at the former Barnes Hospital in Cheadle, Greater Manchester.

The new development will comprise of 155 luxury apartments, townhouses and family homes on a 16.5 acre site located off the A34 close to Cheadle Village.

The scheme, backed by a £12.5m funding deal with NatWest, will bring back into use the Gothic Grade II-Listed Barnes Hospital as it is transformed into a high- spec residential accommodation.

It also provides housing in a highly sought-after area of Greater Manchester.

Building works began earlier this year on the scheme with first completions due this autumn. Properties are already being marketed for sale by local agents in the area.

Heath Thomas, NatWest’s head of real estate finance, Manchester, said: “Henley is creating a fantastic housing development in the heart of Cheadle which will enhance the local area and bring a historic building back into use.”

Henley Homes, which is based in London, has been a NatWest customer for more than 12 years.

Joseph Donkor, chief operating officer of Henley, said: “The scheme at the former Barnes Hospital has been created to regenerate the area and bring a wonderful historic building back to life and regenerate this key area for the benefit of the local community.”

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