HGP has invested £1.5m alongside Oakmere Homes to deliver 42 new homes in Ulverston, Cumbria, as the first 2 phases of a 101 unit scheme. The investment will help create a desirable 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 Oakmere Homes website: http://www.oakmerehomes.co.uk/.
Oakmere Homes is a well-established and experienced housebuilder, bringing forward high quality schemes throughout the region and HGP is delighted to be supporting them on their Ulverston development.
HGP’s investment assists Oakmere in achieving their growth ambitions allowing the company to efficiently deploy its capital; reducing the amount of equity it has to commit to the Ulverston development and releasing funds to accelerate other schemes in the company’s pipeline.
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.
Housing Growth Partnership (‘HGP’) has invested alongside Russell Armer Homes in phase two of their 79 unit development in Kirkby Lonsdale, South Cumbria. This scheme is being developed under the well-established Russell Armer brand, following Genesis Homes’s recent acquisition of the company. Phase 2 of the scheme comprises 28 two, three and four bedroom homes, in a spectacular setting nestled between the Yorkshire Dales and the Lake District.
Residents will benefit from easy access to the nearby motorway network, excellent local schools, as well as becoming part of a vibrant local community, recognised as being amongst the Sunday Times top 5 best places to live (North West) in 2019 and 2020.
John McKeon, HGP Investment Director: “Russell Armer is a long standing name in the region, with a strong reputation for build quality and customer care, and we are delighted to be able to continue our support of Genesis Homes as it expands its operational platform through the acquisition of Russell Armer. Kirkby Lonsdale is an extremely popular location which is borne out by the demand for this site and we are confident that the quality and design of the homes will make this another successful development for Genesis Homes.”
Nicky Gordon, Managing Director of Genesis Homes: “We are delighted to have both completed the acquisition of Russell Armer Homes and in doing so been provided with this tremendous opportunity to conclude the development of the hugely successful Oakfield Park development in Kirkby Lonsdale. It was the natural choice to engage HGP and continue our journey together with opportunities in both the Genesis and Russell Armer businesses.”
For more information on Genesis Homes and Russell Armer Homes, please visit their website.
HGP invested more than £3m alongside Artisan Real Estate to support the development of Rowanbank Gardens in Corstorphine, Edinburgh, comprising 126 energy-efficient, low carbon homes.
Artisan is an award-winning UK property developer perhaps best known in Scotland for large scale city regeneration projects like New Waverley, which has transformed the heart of Edinburgh’s historic Old Town. The developer is now applying the same values and philosophy which has guided the successful design and execution of New Waverley to its residential developments, setting it apart from other major homebuilders in Scotland.
The development will deliver a mix of one-, two- and three-bedroom apartments, all designed around a central courtyard garden, filled with fruit trees and communal planting beds, that will provide nearly twice the level of open space recommended by council planning policy. Apartments are designed for open plan living with large windows giving views of the courtyard and the wider area, while green roofs ensure benefits of surface water retention, insulation and ecology.
Linking closely with the City of Edinburgh Council’s ‘Future Edinburgh’ strategy which aims to make the city carbon neutral within the next ten years, Rowanbank’s smart building design has been matched with an innovative approach to placemaking and community – introducing such creative concepts as green roofs, ‘edible’ gardens and green transport plans to sensitive city centre environments, which includes all-electric charging points for the provided car parking, City Car Club spaces and generous secure cycle parking.
HGP invested £1m alongside Scotia Homes to support delivery of a 152 unit family housing scheme in Brechin, North East Scotland.
Scotia are a long-established, award winning regional housebuilder operating across Angus, Aberdeenshire and the Highlands with a reputation for delivering attractive, good quality family housing.
The scheme will deliver a mix of 2, 3 and 4 bed houses on a greenfield site situated in an attractive residential area located at the North West edge of Brechin, a popular market town in Angus.
With little new build in the town over the past 10 years the site is expected to benefit from strong local demand across the Angus region including commuters into Dundee and Aberdeen.
Scotia Homes have placed sustainability at the heart of their design and delivery. All of the homes at Brechin will benefit from air source heat pumps with Scotia early adopters of transitioning away from gas.
Scotia’s approach has resulted in Brechin being the first scheme in the UK to be accredited with a “Gold” standard by the “NextGeneration” sustainability standards scheme.
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.
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 has co-invested with Hollins Homes in a development in Newton with Scales, near Preston, to provide 50 homes, including 15 affordable units. The project will transform a greenfield site into a mix of 2, 3, 4 and 5 bed luxury family homes.
Hollins Homes are seeking to establish a stable funding structure to support multiple schemes and accelerate growth. HGP’s investment reduces Hollins’ capital commitment in the Newton with Scales site, enabling equity to be efficiently redeployed into other developments.
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 £1.4m alongside Hillcrest Homes to deliver 31 new homes in Hurst Green, Lancashire. HGP’s investment has enabled Hillcrest to efficiently deploy its capital; reducing the amount of equity Hillcrest has had to commit on the Hurst Green development and releasing funds to accelerate other schemes in the company’s pipeline.
HGP’s return is derived from an equitable share of the scheme profit. HGP does not charge any fees or interest, nor does it take any security. By partnering with HGP, the Hillcrest team is accelerating growth in their business, increasing the delivery of high quality family homes, and improving their return on capital.
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.
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.
