United Trust Bank (UTB) is supporting Stephens + Stephens’ development of 32 luxury apartments in Newquay, Cornwall.
Stephens + Stephens was founded by Paul and Helen Stephens in 2008 and create design-led properties in Cornwall.
The scheme, known as Cliff Edge, is the second phase of the redevelopment of a former hotel site and comprises a new apartment building set over basement, ground and four upper floors. The first phase was completed last year and the firm says it achieved a strong level of sales from purchasers.
UTB is providing £15m of funding towards the completion of Phase 2 of Cliff Edge, which offers 32 apartments ranging in price from £250,000 to well over £1m with the majority enjoying sea views. Buyers can also choose to have the interior of their home designed and furnished by Absolute which offers a turnkey designer interiors service.
Paul Stephens said: “We are delighted to be working with United Trust Bank on this prestigious development in Cornwall. This is our first project with the Bank, and we have found the whole team approachable, engaged and committed to working in collaboration with us to deliver this project. We are looking forward to the months ahead and working together on future schemes.”
Orla Costello (pictured), senior director – property development at United Trust Bank, added: “We love working with people who are passionate about property and Paul and Helen are exactly that. They have completed many fabulous developments across Cornwall and picked up several awards for exceptional design along the way. This is the first time UTB has supported a Stephens + Stephens development and I am confident that it will be another success to add to their outstanding track record.”