Joint venture deal signals next phase in regeneration of Barnstaple’s Oliver Buildings

Plans to redevelop the Grade II-listed Oliver Buildings in Barnstaple have moved a step closer with the signing of a joint venture agreement between regeneration specialist Acorn Property Group and Wessex Investors.

The JV development proposals will breathe new life into the long-vacant former Shapland & Petter furniture factory bringing homes and commercial space to a key site on the south bank of the River Taw.

Together with an adjacent new build development, the regeneration project will create twenty-nine, one, two, three-bed apartments and two and three-bed duplexes and over 13,500 sq ft of commercial space on the ground floor.

The development plans will go to a design review panel at the North Devon Council on 5th July with a planning application due to follow in the Autumn.

Barnstaple’s southern bank has been the focus of wider regeneration plans in recent years with the development of an Asda supermarket and a retail park and further housing currently under construction.

Andrew Strathdee, Land Manager, for Acorn’s Devon and Cornwall office Acorn Blue said:

“We are extremely excited to be working with Wessex on such an interesting building that is a key part of the character of the town.”