Significant event could be the start of something big

The residential and urban regeneration specialist has announced the momentous news that its Private Rented Sector ("PRS") joint venture with Gatehouse Bank plc ("Gatehouse") is commencing this week the construction of an initial phase of 927 new rental homes with a total development cost of approximately £100m. This follows the agreement of up to approximately £67m of bank financing from Barclays Bank plc which supplements equity of approximately £47m from Gatehouse.