Newbury
Client: Specialist Development
Finance Lender
Site: Newbury, Berkshire
Office to Residential Conversion – Lender Appointed Completion of Part Built Project
Building use: Residential
Bloom instructed as: Employer’s Agent & Quantity Surveyor
Contract value: £5.7m
Programme: November 2024 – October 2025
Works completed: Started in November 2024 and completed October 2025, this scheme saw the successful turnaround and completion of a distressed office-to-residential conversion, following the Developer becoming insolvent mid-way through the project construction.
Acting as Employer’s Agent and Quantity Surveyor, the team were entrusted by the lender to step in and perform a detailed examination of all construction and statutory issues, before managing the procurement and oversight of the required build-out works.
The £5.7m conversion project has successfully created 191 new residential apartments from this former commercial property in Newbury, Berkshire – an overall positive outcome for our client, as well as well needed accommodation for local residential demand.