Relationship building over the long term with George Wilson Developments

Video case study

Principality Commercial has been working with George Wilson Developments, providing development and investment funding, for over 25 years. 

Our most recent collaboration is the development of a new property pre-let to Travis Perkins in Whitstable, Kent.

George Wilson MBE, Chairman, George Wilson Developments said:

“The difference working with Principality is that they fully understand the requirements we need.  Where we find them a little bit unique is that they will come in at the beginning, because lots of lenders will not supply construction finance. 

These guys are at the beginning which makes all the difference in the world because you know from day one when you sign up and start the operation that you have the funding to build it but not only that you’ve got the long-term funding to fund it over a period of time as you’re collecting the rent.”

More about this project 

To support the development of this 17,000 sq. ft trade counter building with an 88,000 sq. ft yard.

As with all projects, there were a number of complexities in this development including, on the legal side, access to the site and development of surrounding areas and, on construction, the reinforcing of the large yard area. 

The development is now fully complete and being let to Travis Perkins Trading Company Limited. 

Gareth Redding, Senior Relationship Manager at Principality Commercial said: “We’ve built up a really good relationship and, over the years, have undertaken many projects together. From our side, as we develop people to come through, they will be able to work with the Group going forward and continue the relationship with George Wilson Group, which has been first rate to date.”