The completed scheme will be used as holiday accommodation, with as many original features retained as possible
An “iconic” Northumberland building used in a Sky One series is set to be transformed into new homes following a £650k investment.
The former Dickinson’s of Alnwick furniture store, which was the filming location for Sky programme ‘The Heist’, will be redeveloped into seven two-bedroom apartments by Northumbria Property Developments.
The developer has secured a £650k investment for the project from FW Capital, which manages the North East Property Fund.
The completed scheme will be used as holiday accommodation, with as many original features retained as possible.
Robin Cairns, director of Northumbria Property Developments, commented: This development will breathe new life into an important local building and help revitalise Alnwick by providing much-sought after holiday accommodation and new retail space.
We are a local company and the North East Property Fund is an ideal source of investment for local developers such as ourselves and we are delighted to have FW Capital as our funding partner for this project, he said.
Tony Cullen, investment executive at FW Capital, said: This investment has facilitated the development of seven new apartments and ground floor retail space. This will bring people and jobs to the centre of Alnwick and help boost the local economy.
The North East Property Fund is designed to provide the finance needed to facilitate small-scale developments like this. Given the great location and history of this prominent building, we are sure the scheme will prove very popular, he said.
Andrew Moffat, chair of the investment board at the North East LEP, which supports the fund, added: Seeing a landmark building transformed for the future is exactly what the North East Property Fund is there to do in terms of supporting local construction projects and creating new jobs.
