10 INDUSTRY NEWS
Devonshire Homes scheme to deliver
Devonshire Homes as the 30-year-old residential home developer drives its ambitious fi veyear growth plan forward, said the developer.
347 units in Ilfracombe
Angus Cook, managing director at Devonshire Homes, commented: lfracombe is a signifi cant site for us, and we’re delighted to be bringing this development forward in partnership with HGP. We know there is strong demand for high quality new-build homes amongst a wide range of buyers in the region. With the site’s proximity to the North Devon coastline, we anticipate Mariner’s Haven will be an attractive option for prospective purchasers looking to stay in, or move to, the area and enoy all the benefi ts of easy access to the stunning coastline.”
West Country housebuilder Devonshire Homes has completed the purchase of acres of land to unloc a signifi cant new homes development in Ilfracombe, North Devon.
The development, named Mariner’s Haven, is located south of the town, giving views across the Bristol Channel and open countryside. Devonshire Homes has planning consent for 309 open market and 38 affordable homes which will offer a mix of one and two bedroom apartments and two, three and four bedroom houses. Partnering with “social impact investor” Housing Growth Partnership (HGP) to bring forward the “modern and energy- effi cient new homes, evonshire omes has announced that construction will start on the fi rst phase of homes imminently. roperties in the fi rst phase will be ready for occupation in 2024 with the show home opening in early 2024. Enhancing the community, Devonshire Homes will be making several contributions to the local area under the agreement, totalling m. This will include sports pitches, a MUGA (Multi Use Games Area), LEAP (Local Equipment Area for Play), LAPS (Local Area for Play), and open space. Land will also be provided for a school and community facility to be built.
The Ilfracombe scheme is the sixth site acquired under the joint venture arrangements between the Tiverton-headquartered housebuilder and HGP in the last six years. “It is also an important strategic milestone for
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New Sheffi eld fi rm secures eight sites in eight months
Within just eight months of launching, heffi eldbased housebuilder oney has announced it has secured eight sites in Yorkshire and Derbyshire that will deliver , plots and revenues of m. Honey said it is also in “advanced negotiations” on a further seven sites from Nottingham to Leeds, which it expects to exchange contracts on by the end of this year. Subject to planning, these will deliver a further 930 plots in total with a gross development value of m. The developer has also revealed the appointment of former Vistry Group head of land, Luke Herring, as land and planning director to drive its site acquisition programme.
Honey was founded by former Avant omes chief executive offi cer, ar Mitchell, in October last year. The
company is backed by private equity fi rm lchemy artners and its lchemy Special Opportunities Fund IV which has m of fully committed capital. The housebuilder’s fi rst development, a m, new home scheme called Amber in South Normanton, Derbyshire, is currently onsite.
Honey has recently submitted plans and exchanged contracts to deliver a .m, new home development in Matlock, Derbyshire. The housebuilder is also awaiting a decision on its plans for a .m, new home development on Barnburgh Lane, Barnsley. The fi ve other secured sites are located across Yorkshire and the Midlands. The housebuilder currently employs 20 people with a further due to oin before the end of September.
Honey chief executive Mark Mitchell, said e have signifi cantly exceeded the expectations we set in our business plan, and have developed a great deal of momentum in our fi rst eight months of trading. Hiring Luke is a very important appointment for us as it will enable us to maintain this momentum. He is an excellent operator with the capability, drive and ambition to deliver our growth plans to quickly become an established housebuilding brand within the north of England and the Midlands.”
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