Beaufort Completes Funding for £20m Surrey Residential Project with Repeat Client
Beaufort Capital has completed the financing of a peak-debt facility for one of its main regional housebuilder clients.
This is the fourth family housing project to be financed for this experienced property developer, each of which has been built in the south-east of England.
The facility will be used to fund the construction of 28 homes, predominantly detached and semi-detached houses for private sale, with a total GDV of £20m.
The scheme is situated near Virginia Water and will be on a secluded site surrounded by trees.
The development will boast strong ESG credentials, including:
- EV car charging ports for each property
- The target EPC rating for the site is A
- Building practices will allow more than 10% reduction in emissions through low-carbon and/or renewable technologies
- The site allows for outdoor space with private gardens, private terraces and balconies as well as enhanced public open space around the buildings
- The existing mature trees will be preserved as part of the site landscaping, with new trees planted on site
- The affordable units to be provided as part of the development will supply much needed affordable housing to the local community
- A substantial Section 106 payment will be made to benefit the local community
Mark Quigley from Beaufort Capital Management UK, the Investment Advisor to Beaufort Capital, commented,
“Having completed three previous family housing developments for this prolific regional housebuilder, I’m delighted to be able to announce a fourth in this leafy area in Surrey.
“We continue looking for good opportunities to support developments for family housing as we seek to expand our exposure to the residential sector, seeing this as a major growth area for the foreseeable future.”
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 thousands of homes.
This latest collaboration highlights Beaufort Capital’s commitment to supporting the housing sector and its ambition to further expand its nationwide footprint.
