£4.6m Luxury Gated Community Coming To Preston

Luxury property developer 10ACIA has launched a £4.6m luxury gated community on Lea Road near Preston.

The development, called Edgewater Oaks, consists of a number of five-bedroom, furnished properties.

The scheme was supported by a £1.6m development facility from Lloyds Bank Commercial Banking.

David Price, founder and director at 10ACIA, said: “We’re incredibly passionate about creating homes with unrivalled design and a space which people can flourish in. Whatever we do, we make sure it’s categorically the best in the area, and it’s our attention to detail that sets us apart from other developers.

“We’ve already had incredible interest and sales off plan, from private buyers and even unsolicited investors from London and Singapore. Having the team at Lloyds Bank by our side throughout, has made the journey seamless, and the support has been second to none. The initial success of the project has given us the confidence to continue to grow and develop additional homes for residents across the North West.

“Eventually, we’d like to be in a position to develop up to five sites a year and diversify our developments to include properties in a range of sizes, offering incredible design and value to ensure they’re the best of their kind.”

10ACIA was formed in 2013 when Price invested just £6,000 in renovating a terraced house in Preston.

Now the company, which operates across the North West, has set its sights on another local development with capacity for upwards of 52 new homes, marking a significant step up for the business.

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