Maslow was pleased to fund the conversion of this former department store into serviced apartments and co-working business space with associated facilities. Fenwick’s was an iconic retail location in Leicester, and the borrower was keen to ensure that the site could be brought back into public use. The building itself is a prime example of Leicester’s Victorian architectural heritage and is grade-II listed.
The scheme which opened to the public in November 2021 now hosts a state-of-the-art co-working space, onsite gym, basement commercial units and a contemporary restaurant and bar that will serve aparthotel guests as well as being open to the public.
How this scheme is making a difference
During construction, the developer kept a strong focus on actively contributing positively to the environment and giving back to the local community by donating materials that were no longer needed to local companies, in a bid to reduce waste and support small enterprises. One example of this involved the borrower helping a local furniture business collect leftover wood from the site, to make high quality furniture with reclaimed materials.