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

43 minutes ago

Helping clients through divorce, separation and disputes over children, we talk to 8 divorce lawyers in the Cotswolds

Read more

We’ve some extraordinary, and inspiring, women in business in the Cotswolds. We talk to 7 female trailblazers in local industry who offer the business advice they’ve lived by

Read more
Yesterday, 16:26

Swan Lake. We know the music, we know the iconic imagery of the beautiful ballerina dressed as a swan, but I’m guessing that without reading the libretto in the program, most people don’t know the story. Which is why the audience relies on the dancers to tell us.

Read more
Yesterday, 11:00

Tom and Louise are being joined by other new academic appointments that have been made as part of the RAU’s £2.5 million initiative to help meet the future needs of the land management and agri-food sectors

Read more
Yesterday, 10:46

“To win this prestigious award is a real compliment to the wider team in Renishaw’s manufacturing services operation, particularly when we consider the achievements of the other excellent shortlisted companies.”

Read more
Tue, 17:16

Stepping up to receive the world’s first MBA Leading Business degrees at the ceremony were Sarah Bryars, Chief Executive of Target; Luke Freeman, Joint Chief Executive of MF Freeman; and Linsey Temple, Chief Executive of Gloucestershire Engineering Training

Read more
Tue, 17:04

“I am thrilled to see InfoSec People win this fantastic award which is a testament to the brilliant team we have built in the past few years.”

Read more
Tue, 16:36

After a stress-free shopping experience browsing designer brands this Christmas? Look no further than the luxury offerings of Mailbox in Birmingham

Read more
Tue, 10:24

This year sees the 40th anniversary of the publication of Raymond Briggs’ original picture book The Snowman. With three performances of the animated film – with live orchestra – coming to Gloucester Cathedral next month, we thought we’d catch up with Rachel Whibley, managing director of Carrot Productions (and occasional snowman), to find out more...

Read more
Mon, 14:10

It’s the season of terrible puns, magic lamps, and generous genies: Aladdin, the all-new panto at the Everyman, has been written by none other than legendary Blue Peter presenter Peter Duncan, and stars everyone’s favourite clown, Tweedy. The Barnard family from Nailsworth - mum, dad, Harriet (12) and Lewis (6) - made a Wishee (Washee) for tickets; grabbed their car (Window Twan) keys; and dashed off to see A Ladd In Cheltenham

Read more
Mon, 13:45

Crispy, frosty days and perhaps even a dusting of snow, winter is a magical time in the Cotswolds. If you’re thinking of tying the knot during this beautiful season in the region, here are six winter wedding ideas to help you start planning your special day

Read more

Christmas in the Wilson household is a heartwarming, traditional family affair

Read more
Mon, 13:15

Tracy Spiers takes an impressive, if hypothetical, budget on a shopping spree in Cheltenham’s independent stores

Read more
Mon, 13:09

Veganism is the latest food trend to hit the Cotswolds but it’s something we can all enjoy a bite of

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