LendInvest Mortgages, one of the UK’s leading property finance asset managers, has announced a £10.975 million funding package for a landmark residential redevelopment in the historic town of Caerleon, South Wales.
The funding will support Acorn Property Group, a long-standing borrower with a strong track record, in transforming a former college and two lodges into 48 high-quality private apartments.
The scheme involves the conversion and sensitive refurbishment of three Grade II listed buildings — the former college building, the principal’s residence, and the caretaker’s lodge. The main college structure will house 44 apartments, while the remaining four units will be created within the adjacent lodges.
The site holds cultural significance, having featured as a prominent filming location for the hit Netflix drama “Sex Education.”
Steve Larkin, Managing Director for Development at LendInvest, praised the project as a model of thoughtful regeneration.
“This development is a prime example of urban regeneration, breathing new life into a landmark building and creating much-needed housing in a fantastic location.
We are pleased to be continuing our partnership with Acorn Property Group and look forward to seeing the progress on this ambitious project.”
He added that the deal reflects LendInvest’s commitment to backing experienced developers who deliver design-led, high-quality homes in desirable locations.
The project, named Tempus at Parc y Coleg, aims to deliver elegant, contemporary homes while carefully preserving the architectural heritage of the site.
“This is a unique opportunity to revitalise a much-loved historic site,” said Melanie Omirou, Group Managing Director at Acorn Property Group.
“This scheme perfectly reflects our ‘Different by Design’ ethos — transforming character buildings into beautiful, sustainable homes.”
Acorn, known for its focus on design-led developments, has previously partnered with LendInvest on a series of successful schemes across the UK.
The deal was brokered by SPF Private Clients, whose Executive Director Daniel O’Neil credited LendInvest’s approach for enabling the funding to proceed swiftly.
“LendInvest’s flexible structure, quick turnaround and deep understanding of the borrower’s specific requirements made them the right fit for this project,” O’Neil said.
As part of the loan structure, the deal includes both land acquisition and construction finance, ensuring a smooth transition from planning through to delivery.
