A£7.2m conversion of a former hotel in Sunderland into luxury apartments, is the latest project completed by Gentoo Ventures, in a quest to rejuvenate and revitalise the city centre of Sunderland.
Gentoo Ventures, the property management and development company of the Gentoo Group, offers its clients a range of services.
From acquisitions and sales, to commercial, industrial and residential property management, property development and asset management, it uses its mix of skills to generate solutions to property problems and create opportunities that would otherwise just not exist. Due to the unusual nature of the Gentoo Ventures business, its projects have been many and varied, including housing, hotels, shops and leisure facilities.
This flexibility has allowed them to tackle developments with a broad portfolio of issues and regenerate areas facing multiple challenges.Gentoo Ventures began the sympathetic transformation of the old Mowbray Hotel in January 2006 and the project proved extremely popular, with all 40 of its one- and two-bedroom apartments selling off-plan before the demolition work had even been completed.
John and Doreen Lloyd were the first to buy two of the apartments after seeing an artist’s impression of the development. Two of the units were combined to create a modern luxury penthouse. The couple moved into their new two-bedroom home in October, relocating from a five-bedroom property overlooking Backhouse Park in the Ashbrooke area of the city.
Doreen said: “We had been looking to downsize for over two years as we are turning 80 next year but hadn’t seen anything we liked.We immediately fell in love with the Mowbray because of its modern design and great views of the Winter Garden plus it has brilliant transport links.
“My husband John was an architect for many years and approached Gentoo Ventures to see if it would be possible to buy two plots and make them into one apartment. When they said yes we were delighted and were looking forward to moving in ever since.”
The Mowbray’s design comprises 35 of the apartments built within a concrete framed structure with central glazed atrium. With four of the apartments contained within the retained building, located above the newly formed Cosa Nostra restaurant.
The Mowbray scheme is the latest development to be completed by Gentoo as part of the company’s £30m joint venture agreement supported by English Partnerships, which has stimulated the rebirth of the Sunderland city centre.
Margaret Ford, chairwoman of English Partnerships, visited the development on the day that Mr and Mrs Lloyd moved in and made a special effort to welcome the couple into their new home.
Brian Dakers, Gentoo senior project manager, said: “This has been an exciting development to be involved with and one which has proved extremely popular. We’re delighted to see John and Doreen move into their new home and hope they are happy here for many years to come.”
The Mowbray is the latest Gentoo Ventures development in the centre of Sunderland, with previous projects including the award-winning Post Office and Hawksley House, both Grade II listed buildings.
For more information on any of Gentoo Venture’s properties visit www.gentooventures.com