Gatehouse Hub secures loan for West Sussex development

Gatehouse Hub, a subsidiary of Bedford Park Developments, has secured financial backing to bring forward its development on the outskirts of Burgess Hill in West Sussex. OakNorth has provided a £6m loan for the construction of 19 logistics facilities, spread over 43,487 sq ft, and a wellness centre comprising 6,458 sq ft. The site, known as the Gatehouse, is located on Gatehouse Lane and sits within the Northern Arc extension to Burgess Hill, which consists of a range of new commercial, trade, research, and residential schemes. It has direct links to the A273 dual carriageway link road and A23, providing access to Gatwick Airport, Brighton, and the South Coast. Marc Busbridge Simo, associate director of debt finance at OakNorth, said: “The team has already pre-sold or pre-let several units – a clear indication of the strong local market demand and design-led product that the team will be delivering.” OakNorth was advised by Neon Finance. Check out planning decisions in West Sussex >>