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 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 invested £1.8m in partnership with existing partner Campbell Buchanan, for the delivery of 61 houses at former airfield RAF Alconbury. The site, part of a 6,500 unit consortium master planned by Urban & Civic.
Campbell Buchanan is a well-established regional housebuilder operating across the East of England with ambition to grow and a strong desire to work with HGP to unlock bigger sites and Alconbury represents the 3rd site down in partnership with HGP. The site nested along the Cambridge – Milton Keynes – Oxford corridor and is a key growth area of industry and population.
HGP has invested £4.3m in partnership with Durkan Homes to redevelop school land into a mixture of homes and apartments, with a high proportion of units catering to first time buyers. The land sale provides social impact by aiding Onslow St Audrey’s school to fund the expansion and development of their premises.
Durkan is a highly experienced developer and contractor with the skills, platform and ambition to grow. This investment is part of a £15m Regional Growth Initiative with Durkan that will enable HGP to support future acquisitions.
HGP has invested £7.1m in partnership with James Taylor Homes in regenerating the area previously occupied by the old electricity works in St Albans. The development, comprising predominantly flats, boasts strong ESG credentials including PV panels and green roofs. This is HGP’s 3rd investment with James Taylor Homes.
James Taylor Homes has an extensive track record in delivering development and construction projects in Greater London and the Home Counties. As part of the investment HGP provided a £15m Strategic Partnership commitment to James Taylor to provide support for future acquisitions.
HGP delivered an innovative investment providing a £15m Regional Growth Initiative (“RGI”) commitment to highly experienced Winchester based housebuilder Alfred Homes to facilitate a management buyout of Alfred’s majority shareholder.
The transaction saw HGP simultaneously invest equity into 5 sites which helped Alfred free up capital to deliver a shareholder exit whilst leaving the Managing Director and founder with 100% ownership going forward.
As part of this transaction HGP provided Alfred with additional firepower to build out its impressive landbank via our RGI proposition which helps the business deliver its growth strategy over the medium term.
Alfred Homes is the market leader in Winchester with a strong brand and customer-centric approach. This investment alongside Alfred is consistent with HGP’s mandate to back established businesses with ambitious management teams to grow sustainably.
The 5 initial sites are located near Alfred’s Winchester HQ, all of which Alfred obtained planning for leveraging its strong local relationships and land assembly capabilities.
HGP co-invested in excess of £10m in partnership with established London based developer Avanton to deliver 262 new build flats along the Old Kent Road Regeneration area of South-East London.
The Old Kent Road is identified in the Mayor’s plan as an Opportunity Area and the Old Kent Road Area Action Plan was thus formulated by Southwark Council together with the Greater London Authority. The Action Plan provides the objectives and policies to build 20,000 new homes and doubling the number of jobs whilst revitalising high streets.
This flagship investment from HGP represents the first phase of Avanton’s wider Ruby Triangle scheme which has detailed planning for an additional 1,150 units to be delivered over a multi-phase programme of development.
The scheme will consist of a mixture of studios, one bed and two bed flats situated across one building with two towers (10 and 19 stories respectively) along with ground floor commercial space.
In addition to helping to regenerate an area of strategic importance, this car-free scheme has several additional ESG attributes consistent with HGP values and aspirations including communal source heat-pumps, water-saving measures and improvements to surface water drainage to achieve a greenfield rating.
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 invested £2.7m to support Cruden Homes in the development of a 48 unit premium private for sale scheme in Edinburgh.
Cruden are a well-established and award winning operator and brand in Scotland, active across several sectors including private residential, affordable housing, retirement/later living and PRS/BTR. HGP has a long standing relationship with Cruden having supported the business on delivery of two large family housing sites in East Lothian to date.
The Barnton site enjoys a fantastic micro location, positioned in an attractive setting on the boundary of the Royal Burgess Golf Club and is well located for travelling into Edinburgh city centre. Cruden will deliver 44 apartments and 4 townhouses. The properties will be built to a high specification including a fully electric utility model incorporating ground source heat pumps, along with high quality indoor and outdoor communal space.
The scheme is specifically designed for the over 55’s market, which was an important consideration for the planners and the local community, which suffers from an undersupply of appropriate housing for this demographic
HGP’s £2.3m investment in Broomhouse represented the first of three investments made alongside Glasgow based housebuilder, AS Homes (Scotland) under their new brand, Briar Homes. The development delivered 55 three and four bedroom detached homes, less than 10 miles from Glasgow.
HGP investment has supported the business to return to the private ‘for sale’ market. The offering has been well received by the market and provided the perfect platform for Briar and HGP to partner on two further opportunities, which will deliver a further 173 new homes to the 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 £1.0m 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.
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.
