HGP invested £4.5m alongside Duchy Homes to support the delivery of 341 homes across two large schemes in Chapelgarth, Sunderland and Elwick, Hartlepool.
Duchy Homes is a well-established and award winning regional housebuilder, delivering over 200 units per annum, with operations across Yorkshire, the North East and North West. HGP have been a long term partner of HGP, with the investment representing the 6th and 7th site co-invested by HGP.
The 162 unit Elwick Scheme is the first phase of a wider “High Tunstall Farm” residential masterplan which will deliver 1,200 which benefits from a good range of local amenities and schools.
The 179 unit Chapelgarth scheme forms part of a wider “Potters Hill” masterplan to deliver 750 new homes in a key regeneration area of Sunderland located in close proximity to the Doxford International Business Park, a 125 acre site which employs over 8,000 people.
Both schemes will develop a range of quality 3, 4 and 5 bed room two storey homes, supporting much needed delivery of good quality family housing to the wider North East region
HGP has partnered with Homes by Carlton, supporting their return to market with a £1.3m investment into their Middleton St George Development. The first phase of ‘Middleton Waters’ will see Homes by Carlton deliver forty homes for open market sale as well as ten homes which are to be sold at a discount to market value, thereby delivering good quality ‘affordable’ stock to the local area.
The site has been designed with a high level of green public open space, an array of landscaping and a range of house types to create a highly attractive development of 3, 4 and 5 bed properties.
HGP investment has enabled Homes by Carlton to progress several opportunities for development, build up its land supply and deliver much needed high quality family accommodation to the region
HGP has invested £1.4m alongside Erris Homes to deliver 39 new homes in the village of Almondbury, Huddersfield. This investment will help create a unique development consisting of 3, 4 and 5 bedroom family homes. More information can be found at: www.errishomes.com.
HGP’s investment ranks equally with Erris, sharing risk and creating a true partnership. The management team at Erris are keen to grow in a sustainable manner, and partnering with HGP allows Erris to deploy their capital in a more efficient manner reducing their equity contribution and at the same time increasing their return on capital.
HGP invested £1.5m alongside Duchy Homes to deliver 11 new homes in Penistone, Barnsley, South Yorkshire. HGP’s Investment enabled Duchy to efficiently deploy their capital, reducing the amount of equity Duchy committed to the site and allowing Duchy to become active on further developments.
HGP’s return is derived from an equitable share of scheme profit. HGP does not charge any fees or interest, nor does it take any security. By Partnering with HGP, Duchy were able to accelerate their growth as a business and increase the delivery of quality homes.
Working with existing partners, Caedmon Homes HGP has co-invested on a second development to build 34 homes in the small rural village of Kirby Hill close to Boroughbridge, North Yorkshire. The development delivers a mixture of affordable and private family homes which includes both bungalows and larger detached houses, addressing housing needs in the local market.
HGP’s investment assists Caedmon in accelerating their growth plans; allowing them to run multiple schemes simultaneously.
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.