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Fratton’s Venture Tower to be developed

December 1, 2021

Venture Tower, in Fratton Road, Fratton, has been bought by investment and development firm the Property Experts during an off-market deal.

Built in the 1960s, the eight-storey building already has planning permission. The team from the Property Experts are seeking to ‘explore’ additional possibilities for the site, which includes extending the tower and creating 40 residential units.

There is also the opportunity to demolish the existing block and replace it with ‘a striking 15-storey building’, providing about 100 new-build apartments.

Bruce Burkitt, founder and managing director of Property Experts, said

The acquisition of the tower was a ‘fantastic’ opportunity for the city.  We have been consciously targeting significant projects that will allow us to uncover considerable value growth and deliver a final scheme that will improve the existing setting.

The current plans in place for Venture Tower include the conversion of the commercial premises into 97 student apartments, with communal lounges and kitchens, as well as a gym, laundry, over 30 bicycle storage spaces and a communal roof terrace.

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