Paragon Development Finance has strengthened its regional development presence with a £5.32 million facility for Kelham Exchange, a mixed-use scheme in Sheffield’s vibrant Kelham Island district.
Backing experienced developer Catherall Developments Ltd, the 22-month funding package will support 43 contemporary apartments and four commercial units, meeting demand for well-located city-centre living.
Kelham Island continues to evolve as one of Sheffield’s most sought-after neighbourhoods, blending industrial heritage with a thriving cultural and leisure scene. Kelham Exchange is designed to appeal to owner-occupiers and investors seeking high quality accommodation in an area on an upward trajectory.
For Paragon, the deal underlines its appetite to support proven regional developers with strong local knowledge and track records. Led by Matt Catherall, Catherall Developments has delivered over £50 million of residential property in Kelham Island alone.
The transaction also marks a new relationship for Paragon Development Finance, showing its ability to build partnerships that unlock delivery and provide funding certainty throughout the development lifecycle.
As regeneration gains pace across key UK cities, this latest deal highlights Paragon’s commitment to supporting schemes that deliver much-needed housing and contribute to the long-term growth of dynamic urban communities.
