Market Leads & Opportunities
New future envisioned for South Devon coastal site
A seaview hotel on the South Devon coast is to make way for an apartment scheme in a £3.3m redevelopment project.Lantern Lodge Hotel, based in Hope Cove, will be replaced by 14 new apartments by Trinity Square Developments.Nine of the new units – which will provide guests with views over the English Channel – will be holiday lets aimed at the UK’s growing ‘staycation’ market.Trinity Square Developments – set-up by school friends Robert Graham and Simon Bird in 2017 – is a specialist property developer that identifies re-development projects to unlock land potential and maximise returns for its customers and partners.Shawbrook Bank is financing the £3.3m re-development of Lantern Lodge with the specialist development finance lender stepping in to support Trinity after their initial funder pulled out due to Covid-19 concerns.
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