Serviced Apartment
The Gresham,
Leicester
GDV £20m
Units 121
Deal Duration 15 months
Build Type third party contractor
The Gresham, Leicester

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 is keen to ensure that the site can 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 plans consist of 121 bedrooms with a hotel lobby bar, onsite restaurant and gym together with a series of ground floor and basement commercial units. In addition, the site will host a state-of-the-art co-working space.

How this scheme is making a difference

During construction, the developer has 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.

Originator: Emma Burke
Associate: Anthony Raud

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