“FW Capital is a fantastic funding partner. The North East Property Fund team were supportive and helpful and it was a straightforward process to obtain the funding we required.”
Mattwood Developments Ltd secured a loan for the redevelopment of a historic farmhouse at 44 Walkergate, at the heart of Berwick's town centre. The farmhouse, which dates back to the 19th century, had fallen into disrepair in recent years.
But thanks to the FW Capital investment, the first in North Northumberland, a full renovation of the existing two bedroom farmhouse is to be carried out, alongside the construction of two new four bedroom homes.
The development is of the highest quality craftsmanship and uses traditional materials sympathetic to the building’s past. Work is due to be completed by the end of the year.
Mattwood Developments Ltd was set up by local business partners John Matthewson and Richard Wood in 2013. First established as a general building and repairs firm, the company has gone from strength-to-strength, employing locally and growing to become a respected house builder, specialising in cross-border development schemes.
The project has been given the backing of Berwick-upon-Tweed Civic Society, which welcomed the plans to bring the site back into residential use. The development was also praised for its use of traditional materials.