The firm is re-engaging with the construction industry and has for some time now been sourcing suitable areas of land for development; our reasoning behind this move is twofold.
The government’s “Housing White Paper “ published in February this year is very much aimed at addressing this problem. Funding in excess of 4 billion pounds is to be allocated between now and 2024.
The ingenuity behind the government’s proposals is that in order to speed up the process of supplying the huge demand for housing they are giving access to this fund not only to the major house builders, but also to SME builders.
The government’s classification of builders puts us into the small builder category, i.e. builders that construct between 1 and 100 units per development. This is our approach back into the market.
We are going to develop sites for social housing on areas of land with capacities of between 1 and 100 units.
Each development will be established as a separate limited company and will be funded in part by the housing fund and in part by investors, the investor and we will each own a share of the limited company, with the housing fund taking a charge over the land value until completion.
We intend to forward sell each development ‘off plan’ thereby giving investors the confidence to invest. Each investor’s funds will be held in Escrow until the commencement of each project. Investors will be further comforted by the fact that prior to their investment, the government’s housing fund will already be legally committed to each project.
We have already received much interest in our proposals and recommend that you apply for our prospectus if you would like to be involved with our next project.
Once we have received your details we will despatch your prospectus within one working day.
The returns from investing in residential property opportunities have constantly outperformed any and all other investment vehicles over the last thirty years.