Shortlist for Devon commercial scheme revealed - commercial mortgages

15 September 2008

A commercial property development scheme being run in Devon has named its top 19 shortlisted projects.

The Mayoral Vision initiative in Torbay received 300 ideas, which have now been whittled down to the final list, reported the Herald Express.

Among the proposals is a potential office development in Brunswick Square in Torre, where a local developer is hoping to produce a feasibility study for the construction.

Chief executive of Torbay Development Agency Steve Parrock said: "If they come back with a scheme which we think is viable we will work with the company and immediately move the project into the priority list."

Swan Country Homes and Urban Splash were named as preferred bidders for the Oldway Mansion site, which topped the shortlist and could see new hotel and leisure facilities being built.

In other Devon commercial mortgages news, local entrepreneurs have had the opportunity to view a new sustainable development in Okehampton - an open day was held at the flagship property by the borough council last week, according to the Herald.