HGP makes first South East investment
Housing Growth Partnership has made its debut investment in London and the South East – supporting Durkan’s plans to build new homes in Dartford.
HGP investment manager, James Hutchinson said: “This partnership is the first we have secured in London and the South East and marks a significant milestone for our fund.”
Danny Durkan, Executive Chairman at Durkan, which is a family-owned firm focused on London and the Home Counties, said: “Smaller developers have the necessary flexibility and agility to take up opportunities and sites that don’t appeal to mainstream developers, and this will be key to delivery. We have been working closely with HGP to secure this agreement and are confident in a successful joint venture. It is hoped that, now there is a structure in place between Durkan and HGP, further deals may be formed in this way.”
Others that have benefited from Housing Growth Partnership also include Campbell Buchanan, a Cambridgeshire-based housebuilder, which secured £1.7m last year to help fund the development of 40 homes in Brington. Devonshire Homes in the South West also secured £2m for various projects.
For more information on how Housing Growth Partnership can help you, visit our investment structure page.