Bank gives financial backing to venture investing in housing-led schemes for South-eastern brownfield sites
An 拢80m venture has been set up to invest in housing-led mixed-use schemes on brownfield land in London and the South-east.
West Midlands-based commercial developer Catesby Property Group has received backing from HBOS for the venture, which will invest 拢80m in development opportunities.
Catesby said it would focus on mixed-use schemes comprising private, affordable and student housing, as well as its traditional employment-led developments.
Paul Brocklehurst, group chief executive at Catesby, said the venture had 鈥渟ubstantial committed funding鈥� to buy regeneration and sustainable development sites.
鈥淲e are keen to extend the Catesby brand into London and the South-east, where the prevailing market conditions will create opportunities for well-funded companies,鈥� he said.
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