Investment £0.6m | 18 Homes
HGP has invested £0.6m alongside Genesis Homes to deliver 18 new homes in the attractive village of Armathwaite, Cumbria. The investment will help create an exclusive development which will provide a mix of 2, 3, 4 and 5 bed high quality family homes. More information on the development is available on the Genesis website: https://www.genesis-homes.co.uk
HGP’s investment assists Genesis management in achieving their growth ambitions as they seek to sustainably grow their business. By partnering with HGP, Genesis is able to efficiently deploy its capital; reducing the amount of equity it has to commit to the Armathwaite development and releasing funds to accelerate other schemes in the company’s pipeline.
“We are delighted to be investing alongside Genesis Homes on their Armathwaite scheme. Genesis Homes is a relatively new entrant to the market, having begun construction on its first site in Wigton in 2017. The company has, however, built a strong and experienced team, employing over 25 people, and is developing an excellent reputation in the region.
Strong interest has already been shown in the Armathwaite development and we are confident that the quality and design of the homes will make this a successful development. We look forward to working with Genesis to explore how we might support them on future schemes and assist with their growth aspirations.”
John McKeon – Investment Director, North West.