Luxury holiday resort operator secures £24m development loan from ZDF
Luxury holiday resort operator CABÜ has secured a £24m loan from Zenzic Development Finance (ZDF), the development finance subsidiary of real estate credit investment firm Zenzic Capital, to fund the creation of a new resort in Oxfordshire.
CABÜ in the Cotswolds will comprise 51 one-, two- and three-bedroom, self-catered eco-cabins with on-site amenities including a nature spa, indoor and outdoor swimming pools, shop, restaurant, two bars and a studio events space.
The resort will be build on a 25-acre woodland site located on the eastern edge of the Cotswolds’ Area of Outstanding Natural Beauty, 15 miles north west of Oxford.
The ZDF facility will also fund the development of eight new barn style houses and two restored loft houses on an adjacent site.
Chris Blowers, from Zenzic Development Finance, said: “Beyond our traditional focus supporting SME housebuilders and developers deliver projects across a range of different real estate sectors, we are pleased to be partnering with CABÜ to help launch its third eco-tourism destination in one of the country’s most popular tourist regions. The CABÜ management team has demonstrated exceptional capability executing this innovative concept and we hope to continue supporting them as they expand their business through additional developments in the years ahead.”
JP Ledwidge, from CABÜ, added: “We are delighted to have found such a great funder in Zenzic Development Finance where our values and business ethos are so well aligned. We can see our relationship growing to be able to deliver exceptional schemes and look forward to working with Zenzic on our pipeline sites that are currently at the detailed design stage.”
