HGP have partnered with Cora Homes, investing £1.90m to deliver 65 units in Stoke Golding, Leicestershire. The development, set in the charming and historic village, will comprise a collection of 2, 3, 4, and 5 bedroom homes, with residents benefitting from its friendly community feel as well as convenient transport links. More information about the scheme is available on the Cora Homes website here. This scheme represents HGP’s first project with Cora Homes, a well-established local developer with a strong track record and excellent reputation delivering homes in the Midlands.
Mike Murphy of HGP commented “We are delighted to be working alongside Cora Homes to deliver 65 units in an attractive location in Leicestershire. The management team are looking to grow their business further and the investment of HGP allows Cora Homes to stretch their equity, efficiently deploying it’s capital in order to accelerate other schemes within their pipeline. We look forward to working with Cora Homes to support them with their exciting growth ambitions moving forwards”.
HGP have invested alongside Bowbridge Homes to deliver 48 new homes in Frisby, Leicestershire. The development set in the beautiful Leicestershire countryside will include 2,3,4 and 5 bed homes including affordable homes as well as 8 custom build homes. This exciting new project marks HGP’s first involvement with custom build housing which comes at a time when “Self and Custom Building” is high on the Government’s agenda.
By partnering with HGP, Bowbridge Homes have been able to stretch their equity further and bring forward additional schemes from their pipeline, assisting their growth ambitions as they continue on their journey to become a regional sized housebuilder.
Oliver Purday, director of Bowbridge Homes
“The scheme is the latest step forward in the growth of Bowbridge Homes and we are delighted that the development – and our on-going growth – is being supported through our continuing partnership with HGP. Custom Build is an evolving area in the UK housing market with a lot of potential and we are excited to work on this project with HGP”.
HGP has partnered with Bowbridge Homes and Snowdon Homes to deliver a 216 unit development in the Northamptonshire town of Raunds. At 216 units this is HGP’s largest scheme to date. The site has a diverse product mix ranging from 2 to 5 bedroom houses and the majority of the homes will appeal to first time buyers and local families. More information about the development is available on the Bowbridge Homes website.
By partnering with HGP, Bowbridge Homes and Snowdon Homes are able to efficiently deploy their capital; reducing the amount of equity they needed to commit to the Raunds development which subsequently allowed them to retain additional funds in their business to bring forward additional schemes from their pipeline. Bowbridge Homes and Snowdon Homes are looking to develop into regional sized housebuilders in the coming years and HGP’s involvement will support them on this journey.
Arnaud de Blay, Investment Director:
“I am delighted to partner with Bowbridge Homes and Snowdon Homes to deliver 216 new homes in the village of Raunds, Northampton. Both Bowbridge and Snowdon have a strong and collaborative management team that have established a strong reputation for building excellent homes in and around Northamptonshire. The Northdale Park development represents our first scheme together and I hope many will follow, as both firms continue on their growth path to becoming a high quality regional housebuilder.”
Oliver Purday, Managing Director, Bowbridge Homes
“HGP’s support with our Northdale Park development in Raunds has allowed us to continue with our growth aspirations and purchase our largest scheme to date. As well as providing significant funding for the scheme, we have valued their knowledge and expertise in construction, development funding and deal structuring. Over the past 12 months, we have built a great relationship with the Midlands team and have found them to be a valued development partner. HGP is a strong strategic fit for our business and their approach and offering aligns well to our growth aspirations. I am sure therefore that we will continue to work together in the future.”
If you’re involved in housebuilding or development we’d love to speak to you, please send us an email at info@housinggrowth.com to get in touch.
HGP has invested £0.7m alongside D&R Homes to deliver a 23 unit scheme in the Lincolnshire village of Fleet Hargate. D&R homes is a well-established developer who have built a strong reputation of supplying high quality homes in Lincolnshire. This site is a continuation of the operating model which has brought them success to date and will see a mixture of 2, 3 and 4 bedroom semi-detached and detached homes, catering for first time buyers, families and downsizers.
This is the first investment with D&R Homes and HGP’s involvement has allowed D&R to reduce their overall equity investment and retain additional cash in the business to fund future site acquisitions. HGP hope to support D&R on subsequent schemes in the near future to help the business continue on their strong and sustainable growth journey.
HGP has invested alongside Stancliffe Homes to deliver 74 family homes in the village of Worksop, Nottinghamshire. The development provides a mixture of 3 bedroom bungalows and 3, 4 and 5 bedroom detached properties.
“We are delighted to be investing alongside Stancliffe Homes to deliver 74 high quality family homes in Nottinghamshire. The team has been operating successfully in the region for a number of years and it has been a pleasure to get to know them over the last 18 months as we explored the ways in which we could assist with their growth aspirations. The development design, the quality of the Stancliffe house types and the incorporation of a number of bungalows – which in HGP’s experience has been a house type in high demand across the Midlands – will no doubt prove to be a successful formula on this development”.
“The team at HGP have introduced us to a range of new professionals in the sector and have helped us to secure a highly competitive debt funding package. We have greatly appreciated the professional and supportive approach from HGP and look forward to strengthening that relationship in years to come.”
Sam Jones, Director, Stancliffe Homes
If you’re involved in housebuilding or development we’d love to speak to you, please send us an email at info@housinggrowth.comto get in touch.
HGP have partnered with Grace Homes to support the delivery of 28 family homes in the village of Lubenham on the outskirts of Market Harborough in Leicestershire. The development provides a mix of high quality private and affordable homes alongside community open space and a community orchard.
The investment assists the HGP partner to achieve their growth ambitions as they seek to sustainably grow their business as well as diversify funding sources.More information is available on the Grace Homes website, including a video of progress on site.
Henry Barney, Managing Director of Grace Homes
“HGP feels like a great fit for our business; equity investment to help facilitate our plans for growth without losing control. They took a proactive approach with excellent communication and the necessary resource to understand this project and our longer-term objectives.”
HGP have partnered with Mulberry Developments on two residential schemes building 39 units per development. Located in Northamptonshire (Earls Barton) and Leicestershire (Appleby Magna) developments provide a mix of unit types, bringing forward much needed supply of high quality homes to the Midlands.
In return for HGP investment, Mulberry Developments and HGP agreed an equitable split of profits providing true alignment to the risks and rewards of each scheme. Further information is available on this link.
If you’re involved in housebuilding or development we’d love to speak to you, please send us an email at info@housinggrowth.com to get in touch.
