More than half a dozen local businesses, headed up by Team Cheltenham Properties, have joined forces to redefine development and regeneration in Cheltenham. Aimed at supporting local business income, the creation of jobs, and keeping investment in the region, the consortium is set to raise £40 million to invest in key property developments and projects in the town.
Team Cheltenham includes local property developers, architects, planning specialists, surveyors, solicitors, accountants, estate agents and investors with a focus on building luxurious homes to attract wealth into the area. The partnership has already raised millions towards their multi-million-pound target and aims to develop properties that blend retail spaces with community-focused open areas. Committed to keeping contracts local to Cheltenham to support the growth of the economy, the Team says they will use only the specialist skills of professionals and tradespeople based in the region, while also giving back to the local community.
A percentage of the profits raised from Team Cheltenham projects will be given to local charities including children’s cancer charity, Emily’s Gift, the Public Hearts Cheltenham defibrillator campaign, and National Star, which supports people with physical disabilities and brain injuries.
Largely driven by developers from outside of the region, over the last decade Cheltenham has seen a number of new developments take shape, which have brought new investment to previously under-utilised and tired parts of the town. Most recently the green light was given to the £55m redevelopment of North Place carpark which will see 147 new homes built by Birmingham-based Wavensmere Homes and London-based BBS Capital, while the town’s £200m Golden Valley development, funded by the government, is being built exclusively by Bristol-based companies.
Max Wright, Founder and Director at Team Cheltenham Properties said: “As a proud Cheltonian that has lived and worked here all my life, it’s fantastic to see the ongoing investment in and regeneration of Cheltenham, but what we’d like to see is the redevelopment driven by those who care most about the town.
“Our mission, along with our eight business partners, is simple. We want to develop the town exclusively with local talent, ensuring that every penny invested stays within Cheltenham. We’re not just developers, we’re supporting local tradesmen, creating jobs, security and incomes, and giving back to the community that has given us so much.”
“Our goal is to deliver stability and opportunities to hundreds of local independent tradespeople while also generating over 100 new jobs. At Team Cheltenham we want to leave a lasting legacy, one that honours Cheltenham’s rich history and contributes to its bright future.”
Partners at Team Cheltenham include McLoughlin Planning, Eleven Building, estate and lettings agencies Fine and Country, Charles Lear, Savills and CGT, GSS Architecture, Astra Lumos, Brace Creative Agency, C2S The Growth Consultancy C2S, Insurance company John Morgan,
