Developer Cubex and investor PfP Capital have formed a new strategic partnership that will bring forward development opportunities initially around the Frome Gateway area of Bristol city centre with future opportunities expected across South West and South Wales over the longer term.
Under the terms of the partnership Cubex, a leading Bristol-based developer with a track record of delivery across the region, has agreed that PfP Capital, the fund and asset management arm of Places for People Group, will act as its investment partner on large scale development, regeneration and placemaking opportunities.
Frome Gateway is a significant area of largely industrial land either side of the River Frome, which also borders Newfoundland Way and Riverside Park. Newfoundland Way is one of the principle traffic routes and gateways into the city, linking the M32 with the Inner Circuit Road.
Gavin Bridge, executive director at Cubex, said: “We are committed to creating better, more inclusive cities, balanced communities and places that really work for people. We are delighted that PfP Capital will have a long-term interest in the projects we take forward, helping to make a lasting, positive impact on the region. We are currently pursuing a number of development opportunities and are excited to forge ahead with these.”
Chris Jones, Managing Director at PfP Capital, said: “Successful placemaking relies on developer and investor having a common goal and a close working relationship to make it a reality. Cubex shares our vision and we look forward to working with them to deliver quality places that work for everyone.”
Bristol Mayor, Marvin Rees added: “We welcome this new initiative between two partners with a record of delivering high quality developments designed around people and communities. The capacity and expertise that partnerships like these bring will help unlock opportunities for redevelopment across the city. We look forward to working with them in the future.”