Beaufort Completes Second Residential Development Funding As Part of £50m Facility
Beaufort Capital has completed the financing of a peak-debt facility for one of its regional housebuilder clients. This is the second scheme out of a portfolio of seven, for the experienced property developer, operating across Yorkshire, Nottinghamshire and Derbyshire.
The overarching facility will be used to fund the construction of 125 homes, predominantly for private sale, with a total GDV of over £40m. The development is situated near Nottingham and will assist in addressing the growing demand for quality housing in the region.
The development will boast strong ESG credentials, with all houses having as standard:
- PV solar panels as designated in energy plot specific calculations
- 150mm cavity wall construction
- Ideal combination gas boiler with gas flue heat recovery
- Low energy lighting included throughout
- Controlled energy efficient mechanical ventilation extract fans to latest regulations
- All house types designed to absorb solar gain but mitigate over-heating to latest regulations
- High rated energy integrated appliances selected to reduce energy consumption
Mark Quigley from Beaufort Capital Management UK, the Investment Advisor to Beaufort Capital, commented “Following in quick succession from initially financing the first scheme near Doncaster, it is extremely pleasing to be able to support this strong management team by funding a second project near Nottingham.
“As part of an overall funding line we are providing which contemplates up to seven new housing developments, we’re already looking at two further schemes.
“The one announced today, as well as the two new ones in the pipeline, will all include afford-able housing alongside the private single family houses.”
Beaufort Capital has a strong track record of financing residential projects across the UK, partnering with some of the country’s leading developers and housebuilders to deliver thou-sands of homes.
This latest collaboration highlights Beaufort Capital’s commitment to supporting the housing sector and its ambition to further expand its nationwide footprint.
Note: this release is made from Beaufort Senior Secured GP SARL (”Beaufort Capital”)
