![\"Gannel](\"https:\/\/maslowcapital.com\/wp-content\/uploads\/2025\/07\/Aerial-View-02-min-600x450.jpg\")
<\/p>\nSpecialist real estate finance provider Maslow Capital has completed a \u00a316m development facility for Acorn Property Group, supporting the refinancing and redevelopment of the former Hotel California in Pentire, Newquay, into Gannel Waterside \u2013 an exclusive 24-unit residential scheme.<\/p>\n
<\/p>\n
The landmark waterfront site, which ceased operating as a hotel in 2021, will be redeveloped into 18 high-specification 2-bedroom apartments, 2 luxurious penthouses, and 4 semi-detached houses, featuring views of Crantock Bay, the River Gannel estuary, and the surrounding countryside.<\/p>\n
The new homes offer an exceptional blend of scenic beauty, innovative architecture, and a strong commitment to sustainability, set to redefine contemporary coastal living in Cornwall. Pentire\u2019s prime location also provides convenient access to nearby towns and surrounding beaches, making it an ideal destination for both tranquil retreats and active pursuits.<\/p>\n
The facility was structured by Maslow Capital\u2019s Development Finance team, led by Emma Burke, Managing Director (UK & Europe), alongside Associate Alexandra Gibney. The transaction was introduced to Maslow Capital by Daniel O\u2019Neil, Executive Director, Commercial Finance at SPF.<\/p>\n
\u201cAcorn\u2019s vision will breathe new life into a disused landmark, delivering much-needed homes in one of Cornwall\u2019s most desirable coastal locations. We are pleased to have structured a bespoke financing solution that supports Acorn\u2019s ambition, reaffirming Maslow Capital\u2019s commitment to high-quality schemes in under-supplied markets\u201dEmma Burke, Managing Director of Development Finance (UK & Europe) at Maslow Capital<\/cite><\/p><\/blockquote>\n
\u201cWe are proud to be transforming this former hotel site and delivering 24 exceptional new homes in such a prime location overlooking the River Gannel. Maslow\u2019s collaborative, solutions-led approach gives us the confidence to bring these high-quality homes at Gannel Waterside to life.\u201dMelanie Omirou, Executive Group Managing Director at Acorn Property Group<\/cite><\/p><\/blockquote>\n
\u201cWhen we set out to secure a funding partner who could grasp the complexities of coastal redevelopment and flexibly structure finance for a premium, design-led scheme, Maslow Capital proved the natural choice. Their broad product range, dependable track record in both bridging and development finance, and collaborative approach have ensured the facility aligns precisely with the project\u2019s ambitions.\u201dDaniel O\u2019Neil, Executive Director at SPF<\/cite><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
Specialist real estate finance provider Maslow Capital has completed a \u00a316m development facility for Acorn Property Group, supporting the refinancing and redevelopment of the former Hotel California in Pentire, Newquay, into Gannel Waterside \u2013 an […]<\/p>\n","protected":false},"author":3,"featured_media":9463,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-9460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-release"],"acf":[],"yoast_head":"\n
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