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 £1.0m alongside Mansion House Group (‘MHG’) to deliver 12 new homes in the historic market town of Sandbach, Cheshire. The investment will help create an exclusive development of high quality 4 and 5 bedroom family homes.
This represents HGP’s first project with MHG, an experienced multi-disciplined property developer based in Altrincham.
John McKeon of HGP commented ‘We are pleased to make our first investment with Richard and the team at Mansion House on this attractive site in Sandbach. Mansion House are an experienced operator with ambitions of growing their residential output over the coming years and we look forward to supporting them on that journey’.
HGP is proud to have partnered with Peter David Homes in the village of Guilden Morden, Cambridgeshire. The project will deliver a mix of private and affordable housing, providing attractive new-build stock on a site on the outskirts of the village.
Peter David Homes operate across the northern Home Counties, building quality executive homes in desirable village settings. With a strong track record nearby, HGP’s investment at outline planning stage allows the business to access a larger site and free up capital whilst they build a healthy pipeline of projects in the area.
Glen Eaton, Director of Peter David Homes
“We are delighted to be working on our first project with The Housing Growth Partnership. From the first time we spoke to James, we were very impressed by both his and his teams approach and have valued their support in acquiring the site at Guilden Morden. We are looking forward to partnering with HGP to deliver a high quality scheme in a superb village in South Cambridgeshire.”
HGP has partnered with James Taylor Homes to support the delivery of 89 family homes on the site of a former hotel, located in Kingston upon Thames. HGP’s investment helps support new housing delivery in an area that has seen little development activity in recent years; aligning well with HGP’s strategic objectives.
James Taylor benefits from a strong development track record across Greater London with an impressive management team and construction expertise. As part of its investment HGP has supported James Taylor Homes in amending the planning consent to add more units to the site.
HGP is proud to have partnered with experienced housebuilder GO Homes on HGP’s first Essex-based development, delivering almost 50 family homes in a beautiful village setting near to Colchester.
In support of GO Homes’ ambitious growth aspirations, HGP has invested £1.3m of capital into the development at outline planning stage, freeing up capital for GO Homes to continue to focus on its pipeline of projects across Essex and Hertfordshire.
HGP has co-invested £2.5m alongside Durkan Homes (part of The Durkan Group) to provide new-build housing near Dartford, Kent. The development provides new family homes (including 17 units of affordable housing) in an area of high demand with strong transport links.
Durkan is a highly experienced developer and contractor with the skills, platform and ambition to grow. Investment from HGP has helped Durkan work through a pipeline of opportunities to increase housing supply within the Homes Counties.
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 is proud to be working with Rectory Homes on a development in the heart of Buckinghamshire. The project will deliver 50 homes (including 15 affordable units) to boost the supply of much-needed family housing in the area.
Rectory is an experienced regional housebuilder with a strong track record building high-quality family homes. HGP investment at outline planning stage which allowed the business to free up capital and spread its resources across its pipeline of strategic projects in the local area, ultimately increasing their ability to grow.
HGP has invested £1.7m alongside Genesis Homes to deliver 82 new homes, including 4 affordable, in the desirable village of Stainburn, Cumbria. The investment will unlock an exclusive development which will provide a mix of 2, 3 and 4 bed high quality family homes. More information on the development is available on the Genesis website.
This is HGP’s sixth investment with Genesis as we continue to support the management team’s ambitions to become a significant regional housebuilder. By partnering with HGP, Genesis is able to efficiently deploy its capital; reducing the amount of equity it has to commit to the Stainburn development and releasing funds to accelerate other schemes in the company’s pipeline.
