A redundant office building in the centre of Exeter is set to be converted into luxury apartments.
Regional property developer Devonshire Homes has completed the purchase of Trinity Court in Southernhay and has planning permission to convert the vacant office complex into a top-end residential apartment development.
The company plans to convert the site into 27 apartments with the potential to include two three-bed penthouses subject to an additional planning submission.
Steve Russell, managing director at Devonshire Homes, said: "We are delighted to acquire this prime site within the city centre which will complement the regeneration of the area. This is an excellent opportunity to utilise an existing building to provide exclusive new homes."
The project follows on from the developer's high-end £10m conversion and renovation of a 19th century historic estate in Clifton near Bristol, and the regeneration of two separate vacant hospital sites in the company's home town of Tiverton.
Devonshire Homes secured the development opportunity in partnership with Taunton property advice practice Harcourt Kerr.
Philip Kerr, of Harcourt Kerr, said: "We identified the potential for this commercial conversion project in September, and have secured the sale and planning in little over two months.
"Trinity Court has stood empty for some years and it will be beneficial for the immediate community to see a quality residential development that will further increase footfall into the area."
Initial demolition works are scheduled to start immediately with construction beginning early in the New Year.
