The development joint venture Farleigh Rengen is continuing to establish itself in the regeneration market, taking on a variety of city centre schemes throughout the UK and Northern Ireland bringing numerous brownfield sites back to beneficial use.
Farleigh Rengen is a partnership between Bath-based multidisciplinary property developer Rengen and London developer and investor Farleigh Property allowing both companies to combine their wealth of experience.
The joint venture has recently passed the £100 million mark in terms of current projects as it continues with its objective of regenerating sensitive inner city sites, bringing them back into use for a variety of markets including commercial, office, student accommodation and open market residential.
In the past month Farleigh Rengen has signed deals on four new projects in Bath, Bristol and Belfast, adding to its already impressive portfolio which includes schemes in London and the South West.
Previous schemes have included the conversion of a 18thCentury chapel on Lower Bristol Road, Bath, into four two-bedroom homes, and the redevelopment of Brassey House in Walton on Thames into 30 one and two-bedroom residential units. New projects include a 10,000.sq.ft. mixed-use redevelopment in Bath city centre.
The growth of the company over the past 12 months shows the benefits and importance of urban regeneration and how repurposing sites for different markets can give them a new lease of life and help to meet local demand.
Director of Farleigh Rengen, Robert Mulligan, said “Reaching £100 million in our development portfolio marks a significant milestone for Farleigh Rengen. Our ethos has always been to create quality developments and bring brownfield sites back in to use and we’re pleased to be able to bring forward some key sites in some fantastic places.
“We are all delighted at how Farleigh Rengen has grown since its formation and as the London market faces a degree of uncertainty we are intent on deploying our financial resources into developments in the regions. As well as growing our land bank in Bristol and Bath, we are engaging with land owners in Belfast, Northern Ireland, a region which is growing steadily.
“Having the in-house expertise across various construction related and engineering disciplineshas been invaluable as we seek to extract value from sites others may overlook.”
Iestyn Lewis, CEO of Rengen Developments added, “We’ve enjoyed a busy period from the start of this year with several acquisitions having already concluded and significant progress on a number of larger developments. The joint venture with Farleigh continues to gather momentum resulting in a very significant development pipeline.”
Pictured above: The Farleigh Rengen team