CRL sources structural defects insurance for award winning developer

CRL has arranged structural defects insurance warranties for an award winning developer’s office to apartment conversion in Southampton.

Zelda Investments, who recently completed the refurbishment of the former concrete 1960s office block at 66-70 Oxford Street, turned to CRL when they were looking for a company to source a 10-year warranty certification to protect against any future structural issues.

Renamed Oxford Heights, the building has undergone a radical transformation and is now 12 stunning flats and two penthouse apartments.

The refurbishment of the landmark building had a number of constraints due to its position at the start of the Conservation Area of Oxford Street. The prestigious location is popular with cosmopolitan restaurants and bars.

The design team retained the look and feel of the original building, while striving to bring new vibrancy and a modern twist to the outdated building.

National structural defects insurance specialists CRL were able to take the complexities of the build and assist Zelda Investments in arranging appropriate cover that suited their requirements, allowing them to focus on this unusual conversion.

Mark Richards, Managing Director of Zelda Investments, said: “We’d worked with another warranty supplier in the past, but they could not understand how to offer a warranty for a refurbishment project of this kind.

“Whereas, CRL totally understood our requirements and were able to price the warranties accordingly. CRL had also been referred by our contractor Herbert H Drew and Sons.”

On completion of the build the 10-year structural defects insurance warranties are passed on to the new individual owners of the apartments.

“We would definitely work with CRL on any of our future developments. They provided the most competitive price based on our circumstances and were practical and efficient in dealing with any issues that came up during a build of this nature.”

Asha Pearson, a Customer Relationship Manager at CRL, said: “Our flexible approach meant that we were able to source structural defects insurance for Oxford Heights that suited Mark’s requirements.

“On completion the cover is passed on to the new owners of the apartments, providing peace of mind to the new owner and to our client that any structural defects are covered for the 10-year term of the warranty.”

Launched eight years ago, Zelda Investments is a Southampton-based award-winning property developer of high quality homes in Hampshire, Dorset and Wiltshire. Previous developments include Cedar Gate and Hunters Lodge in Ringwood and Carting House Close in Salisbury.

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Before –

Oxford Heights before

After –

Oxford Heights after

Photo captions: Before and after photographs of Oxford Heights: a 1960s office block in Southampton’s Oxford Street is transformed into stunning apartments complex.