United Trust Bank (UTB) is providing £24.4m to support Westcombe Group’s £34m Kingston Bridge House apartment conversion in Hampton Wick, South East London.

The project will see the conversion of a two-block building, which was formerly offices and later, a 218-room student accommodation property into 70 contemporary apartments.

The building layout will allow for Westcombe Group to deliver 22 units in the first phase, with the delivery of the remaining units in the second phase having “minimal impact” on the residents of the completed homes.

The development, which is expected to take two years to complete, will provide a range of apartments from studios to three-bedroom units, with a combined gross development value of £34m.

Chief executive officer and managing director at Westcombe Group, Kamal Pankhania, said: "I have known Paul Flannery and Mark Stokes of UTB for over eight years. We're pleased to secure this financing, growing our relationship with the Bank and helping us in our journey to become one of the leading specialist property developers in the UK. We're committed to continuing to preserve historic buildings across the country, creating housing and other developments for local communities."

Senior director for property development at UTB, Paul Flannery, added: "UTB are delighted to support another of Westcombe Group’s exciting projects and to once again work with Pankhania, Sunil and the team in creating high quality new homes from buildings which have fallen out of use. We are committed to supporting housebuilders and developers like Westcombe Group which shares our passion for creating outstanding homes and building thriving communities."

---