Julian Hodge Bank has provided funding debt for two property developments in South Wales.

Property developer Charnwood Group has received development finance to refurbish a 40,000 sq ft building at its £5m Ocean Way scheme in Cardiff. This will then be available for sale or rent.

In West Wales Gwenlais Development’s £5m residential scheme at Llandybie was in danger of stalling, with only 5 of the 25 planned homes finished as the economic downturn hit original funding for the scheme.