"We are very proud to have supported our long-standing clients, especially given the history of this property. What was once an empty building has now been regenerated to offer modern accommodation, whilst also retaining the charm of the former building"
- Maria Elias - Principality Commercial
Developed by Newton Abbott Properties Ltd, a long-standing partner of Principality Commercial, The Barclay is located on the junction of Courtenay Street and Union Street and features 20 one and two-bedroom flats across four floors.
Owned and operated by Mark Goldbart and Daniel Lyons, Newton Abbot Properties was established in 2006 when the property was initially let to Barclays Bank.
Principality Commercial, the commercial arm of Wales’ largest building society, provided Newton Abbot Properties with funding that went towards the redevelopment and renovation of the property, alongside practical support to complete the project in only 12 months.
With the support of Principality Commercial, The Barclay has reclaimed its position as the cornerstone of the high street by making good quality accommodation more accessible to first-time buyers and young professionals. Since the renovation completed last month, a number of flats have been sold, with offers in the pipeline.
Commenting on the partnership with Newton Abbot Properties, Maria Elias, Relationship Manager, Principality Commercial, said: “We are very proud to have supported our long-standing clients, especially given the history of this property. What was once an empty building has now been regenerated to offer modern accommodation, whilst also retaining the charm of the former building.”
Mark Goldbart, Director, Newmark Properties LLP, said: “It has been hugely beneficial to have the support of Principality’s commercial team throughout this development process of 20 newly converted apartments. Their knowledge, professionalism and support have greatly assisted us in getting to practical completion in a timely fashion and we very much look forward to working with them again in the future."
Daniel Lyons, Director, Newmark Properties LLP, adds: “Over the last two decades, working with Principality has always been a pleasure. In a world that throws curve balls, they have always been helpful in shaping options that optimise the business outcome.”
