6 ISSUES FOR JUST £6 Subscribe to Business & Professional Life today CLICK HERE

Portland Street car park acquired by Regional Developer MF Freeman Group

PUBLISHED: 13:11 21 April 2016 | UPDATED: 13:11 21 April 2016

Portland Street car park acquired by Regional Developer MF Freeman Group

Portland Street car park acquired by Regional Developer MF Freeman Group


Portland Street Car Park in the centre of Cheltenham was acquired earlier this month by a M F Freeman Group company based in Drybrook, Gloucestershire.

The 2 acre site between North Place and Portland Street in central Cheltenham is currently operated as a 325 space car park but has planning consent for 143 houses and flats with a gross development value of approximately £40 million.

Luke Freeman, Joint Chief Executive, commented “We are delighted to have acquired Portland Street Car Park on the 50th anniversary year of the business. It is an important strategic investment for us and we are exploring a number of development opportunities for the site and look forward to working with Cheltenham Borough Council, the Task Force and other stakeholders in bringing forward a residential-led scheme. In the meantime, we will continue with the use of the site as a car park but in light of some negative press we are currently conducting a review of its operation.”

The MF Freeman Group is a leading privately owned and family run, South West based organisation with specialist residential, retirement and commercial property development, contracting, plant hire, leisure, forestry and farming divisions. The Group has won a number of awards recently including the 2014 Gloucestershire Echo and Gloucester Citizen Business of the Year award the 2015 British Chambers of Commerce Regional Award for High Growth Business of the Year. “The Avenue”, their residential development in Ross-on-Wye also won the 2015 “Best Development” in the WhatHouse? Awards.

David Moore, Land and Planning Manager at MF Freeman Group adds “Our multi-disciplinary approach provides us with an advantage when acquiring and developing complex projects. For Portland Street, we will be drawing on the skills and knowledge we employed in bringing forward the redundant Cadbury’s factory in Keynsham into a £70 million project.”

Jeremy Williamson of the Cheltenham Development Task Force says “It is pleasing that the site has been acquired by a local business and we look forward to working with them to bring this site to fruition, along with the neighbouring North Place. The last year has been extremely frustrating for all parties, and this change of ownership is the first step to bringing forward a development.”



Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other Cotswold Life visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Cotswold Life staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Cotswold Life account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More from Cotswold Life


“‘Flexitarians’ can do one though, being alleged vegetarians who still can’t resist the sizzling siren song of the bacon sandwich when no-one is looking.” Editor Mike Lowe is attempting to seek reconciliation with those he has annoyed… well, sort of.

Read more
Yesterday, 14:24

Choral carol services and grand instrumental performances, with the backdrop of some of the Cotswolds most picturesque locations, are perfect ways to embrace the festivities. We pick some of the best carol services and concerts to enjoy in the region

Read more
Yesterday, 11:35

“This letting to Oxford nanoSystems is a fantastic example of how we are able to provide first class facilities for growing technology companies at Abingdon Business Park.”

Read more
Yesterday, 11:28

One of the UK’s leading training and education specialists has launched a skills hub in Nuneaton

Read more
Yesterday, 11:19

“The logistics hub is another example of where we have worked in partnership to support skills needs in the area and link our student body with future job opportunities.”

Read more
Yesterday, 11:07

“It was fantastic to see how this project is making a real difference to the lives of young people at risk of social exclusion.”

Read more
Yesterday, 10:57

It has become the 90th store to accept the gift card in Cheltenham

Read more

As well as three days of action-packed racing and tradition, there’s plenty to do away from the course at this year’s November Meeting. Neil Phillips, The Wine Tipster, shares his 14 suggestions on how to make the most of your time at Cheltenham Racecourse

Read more
Wed, 15:59

From festive light switch-ons and Santa’s Grottos, to Victorian Christmas Fayres and late-night shopping, we’ve covered what’s on in and around the Cotswolds this season

Read more
Wed, 15:42

Property prices across Gloucestershire and the Cotswolds have risen steadily over the last few years, reflecting the trend across the country. But which area has shown the most dramatic hike in prices recently, and how does your postcode and house type compare with others in the area? You may be surprised to see the results...

Read more
Wed, 11:43

Wine Wednesday’s with Vintopia of Tetbury.

Read more
Wed, 10:37

Festive a la carte menu launches in Grey’s Brasserie from 26th November.

Read more
Wed, 09:31

Cotswold Life readers enjoy a complimentary glass of wine with our compliments when joining us for our Autumn Feast Lunch Offer.

Read more
Tue, 15:01

Harnessing the power of social media, charity awards and dreaming up new projects - it’s all in a day’s work for Gloucestershire children’s charity Pied Piper and its corporate supporters

Read more

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Topics of Interest

Food and Drink Directory A+ Education

Subscribe or buy a mag today

subscription ad

Local Business Directory

Property Search