A funding partnership has been established to support the acquisition and development of a landmark scheme of 347 homes in Ilfracombe, North Devon. Independent West Country house builder Devonshire Homes has joined forces with social impact investor, Housing Growth Partnership (HGP) to bring forward the 50-acre site, as part of
Devonshire Homes has increased its existing revolving credit facility (RCF) from Lloyds Bank to £20 million to facilitate the housebuilder’s future growth plans. The privately-owned housebuilder is currently active on five West Country sites, with a further four additional sites in the region acquired within the last three months.
Independent West Country housebuilder Devonshire Homes has exchanged contracts for the acquisition of land for contemporary new build homes in West Yelland, North Devon. This latest acquisition is testament to how the housebuilder is accelerating its five-year growth plan. The announcement comes just three weeks after Devonshire Homes revealed it
Independent West Country house builder Devonshire Homes has exchanged conditional contracts for the acquisition of approximately 36 acres of land for a new build homes development in Trannack near Penzance, Cornwall. The West Cornwall site is located close to the A30 where c 300 architecturally-designed homes are planned for this
Award-winning West Country house builder Devonshire Homes has appointed two new Joint Acting Managing Directors. Jane Pearce and Cris Neale, who have both held senior positions at the Tiverton-based house builder, have now taken the reins at the firm, which has been building homes across the South West since 1992.
Devonshire Homes has announced that they have appointed a new Managing Director. Tony Lane has been appointed to this position at the award winning West Country property developers after joining from Galliford Try. Devonshire Homes is based in Tiverton and has been operating across the South West of the country
BDC 319 : Aug 2024
A funding partnership has been established to support the acquisition and development of a landmark scheme of 347 homes in Ilfracombe, North Devon. Independent West Country house builder Devonshire Homes has joined forces with social impact investor, Housing Growth Partnership (HGP) to bring forward the 50-acre site, as part of Devonshire Homes’ ambitious growth strategy. Located off Old Barnstaple Road, the land with spectacular views across the Bristol Channel sea and stunning open countryside, has a Reserved Matters Planning Consent for 309 open market homes and 38 affordable homes. The homes comprise a full range of properties, from one and two bedroom apartments and two, three and four bedroom houses. The new Ilfracombe scheme is the fourth site acquired under the joint venture arrangements between the Tiverton-headquartered house builder and HGP in the last six years. It is also an important strategic milestone for Devonshire Homes as the 30-year old residential home developer drives its ambitious five-year growth plan forward. Angus Cook, Managing Director at Devonshire Homes, commented: “The purchase of this sought-after Ilfracombe site cements further our exciting partnership with HGP and long-term relationship with our funders, Lloyds Bank. It demonstrates the success of our partnership model and the confidence in our robust growth plans to build more high quality, sustainable communities across the region.” Construction at Ilfracombe is due to start in early 2023. Devonshire Homes will be responsible for all aspects of the development process. Working with Thrive Architects, the award-winning housebuilder intends to deliver homes with an exciting and aspirational coastal aesthetic design that sits well within the topography of the elevated site, maximising the stunning outlook and coastal views. Angus continued: “Lying close to the amenities of Ilfracombe and offering easy access to the A39 and A361, the site has the exciting potential to offer customers all of the convenience of this desirable location with the high-quality homes that Devonshire Homes is recognised for. “This fantastic site represents a significant step change in Devonshire Home’s expansion. The acquisition is consistent with our active growth strategy and underpins our ability to identify and secure opportunities in the best locations to deliver high-quality homes that people want to live in.” HGP, established by Lloyds Banking Group and Homes England to provide assistance to the most ambitious regional housebuilders in the UK, invests alongside housebuilders to support the delivery of new homes. Arnaud de Blay, Investment Director at HGP, commented: “We are delighted to be partnering with Devonshire Homes to bring forward this locally significant scheme at Ilfracombe. We recognise that this scheme plays a large part in the ambitious growth plans for Devonshire Homes “HGP’s investment in the Ilfracombe development represents a deepening of an already hugely successful partnership and the next step in our respective growth journey. This deal reflects HGP’s ability and willingness to invest significant money into large and complex sites along with the right partners.” Paul Collings, Relationship Director at Lloyds Bank, commented: “Securing our future affordable housing supply and ensuring stock can stand the test of time is vital in the current cost of living crisis. “It’s fantastic to continue our support for Devonshire Homes as it looks to tackle the shortage of quality housing in the South West and deliver its ambitious growth strategy. We will continue to be by the side of local businesses to help them take advantage of growth opportunities in these challenging economic times.” A range of community benefits are planned under the Section 106 agreement which will see Devonshire Homes contributing to the local community in the following ways: providing 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 overall Section 106 financial contributions to be made for the scheme will total over £2,000,000 after indexation and are to be used for the following The Devonshire Homes team has decades of experience in building new communities across the West Country with current developments including: The Grange, Bideford; Tarka View, Crediton; Longston Cross, Bovey Tracey; Applegate Park, Kingsbridge; Gwallon Keas, St. Austell; Five Lanes Close, Altarnun and The Sun Houses, Yelland. To find out more about Devonshire Homes, visit www.devonshirehomes.co.uk. Building, Design & Construction Magazine | The Choice of Industry Professionals
Devonshire Homes has increased its existing revolving credit facility (RCF) from Lloyds Bank to £20 million to facilitate the housebuilder’s future growth plans. The privately-owned housebuilder is currently active on five West Country sites, with a further four additional sites in the region acquired within the last three months. Devonshire Homes has enjoyed a long-standing relationship with Lloyds Bank since 2016 and this newly extended finance facility supersedes its previous arrangement with Lloyds Bank that was announced in February 2022. Devonshire Homes has been building homes across the West Country since 1992 and the new RCF will accelerate the housebuilder’s expansion plans to double turnover and deliver 400 homes per annum by 2026. Angus Cook, Managing Director at Devonshire Homes, commented: “This marks another important milestone for Devonshire Homes and we are delighted to have agreed this new £20million facility with our long-term and supportive banking partners at Lloyds Bank. “Devonshire Homes is on a significant growth trajectory and this new RCF helps cement our position as an established and ambitious developer in the South West. It provides us with the flexibility to continue to acquire and establish new sites to deliver high-quality homes to people who need them. “This new agreement comes at the perfect time. As a privately-owned housebuilder, our ability to make swift decisions with landowners has been the cornerstone of a string of recent land acquisitions in this last quarter. And now with this extended financing secured to support our business growth objectives, we are keen to build on the momentum; to build our land bank, further strengthen all areas of the business and are very much looking forward to the future.” Paul Collings, Relationship Director at Lloyds Banking Group, commented: “Sustainability has become more of a priority than ever for homeowners, so it’s great to see Devonshire Homes bring forward greener homes, provide energy solutions to help reduce household costs and ultimately help futureproof properties for generations to come. “We’re proud to back Devonshire Homes and its long-term commitment to providing sustainable housing for the West Country. We will continue to be by the side of local businesses as they accelerate their environmental ambitions and help the South West to reach its net zero goals.” Independent housebuilder Devonshire Homes has been creating new homes and communities in towns and rural areas across the South West for 30 years. The housebuilder specialises in providing homes which reflect the traditional characteristics and building styles of the region combined with high specification, contemporary interiors. Current developments include: Tarka View, Crediton; Applegate Park, Kingsbridge; Longston Cross, Bovey Tracey and Gwallon Keas, St. Austell with The Grange, Bideford, launching this autumn. For more information, visit www.devonshirehomes.co.uk.
Independent West Country housebuilder Devonshire Homes has exchanged contracts for the acquisition of land for contemporary new build homes in West Yelland, North Devon. This latest acquisition is testament to how the housebuilder is accelerating its five-year growth plan. The announcement comes just three weeks after Devonshire Homes revealed it had exchanged conditional contracts on 36 acres of land in Penzance. The West Yelland site strengthens the award-winning housebuilder’s presence in North Devon, where construction has recently started on its East-the-Water site, The Grange. This development, known as the ‘Sun Houses’, is located in the desirable village of Yelland which is between the coastal village of Instow and Fremington, off Yelland Road. Within a short distance the popular beaches of Westward Ho! and Saunton Sands can be found and Yelland has easy access to the A39 and A361. This architecturally exciting scheme designed by Guy Greenfield Architects will complete the development and deliver 27 open market and 22 affordable homes in North Devon. The three, five and six bedroom detached homes are in an elevated position and make the most of their southerly aspect with estuary views and are surrounded by green, wooded hillside. Designed to maximise the use of natural light with large expanses of glazing, the open plan living makes the most of the desirable outlook benefiting from living areas and at least one bedroom South facing into a walled garden. The stylish contemporary homes take on a modern interpretation of the traditional bungalow. Devonshire Homes will invest more than £430,000 in the local community under the S106 contributions, including: £294,225 towards education, £127,291 towards recreation and £10,000 towards play equipment. Benefitting the existing occupied homes on the centre of the site, Devonshire Homes will also resurface the neighbouring roads which adjoin the site. Angus Cook, Managing Director at Devonshire Homes, commented: “We’re delighted to announce that we have exchanged contracts on land in West Yelland just three weeks after securing land in Cornwall. We are focused on securing excellent development sites and I am pleased we’ve been able to do exactly that here. As an independent and West Country housebuilder, we are able to react rapidly and progress quickly when this type of land opportunity arises, and we look forward to bringing more of our high-quality, new build homes to North Devon house hunters who need them. “These new homes will be truly spectacular. Each property has been carefully designed to make the most of their elevated position on the North Devon coastline so that homeowners can truly embrace the beautiful views. “Construction will start later this year and we will ensure to communicate with the existing homeowners already on site throughout the project. “If you are landowner or agent looking for a developer capable of delivering on their promises, Devonshire Homes should be your first call. This deal has set a new record for the business, going from nothing to an unconditional exchange in 4 days!” The acquisition of land in West Yelland is another important strategic milestone for Southwest based Devonshire Homes. The 30-year-old residential home developer is aiming to double turnover and build 400 homes per annum by 2026. The Devonshire Homes team has decades of experience in building new communities across the West Country with current developments including: The Grange, Bideford; Tarka View, Crediton; Longston Cross, Bovey Tracey; Applegate Park, Kingsbridge and Gwallon Keas, St. Austell. To find out more about Devonshire Homes, visit www.devonshirehomes.co.uk.
Independent West Country house builder Devonshire Homes has exchanged conditional contracts for the acquisition of approximately 36 acres of land for a new build homes development in Trannack near Penzance, Cornwall. The West Cornwall site is located close to the A30 where c 300 architecturally-designed homes are planned for this scheme. Devonshire Homes will seek to obtain detailed planning consent for the development which will offer a mix of one and two bedroom flats and two, three, four and five bedroom homes with spectacular views. The land at Trannack is one of the major sites allocated for housing under Cornwall Council’s Local Plan for Penzance to support strategic growth in West Cornwall. With amazing elevated views from the site across to St Michael’s Mount, Devonshire Homes will bring forward a scheme to deliver a new access road from the A30 and a range of homes which sit well within the topography of the site, maximising the stunning outlook and views. The award-winning house builder, which currently has active sites in St. Austell, Crediton, Bovey Tracey, Kingsbridge and Bideford, will submit a reserved matters application later this year with an aim for construction to start following planning consent. Angus Cook, Managing Director at Devonshire Homes, commented: “We are pleased to have exchanged contracts on land at Trannack for a forthcoming Devonshire Homes development. This is the first of several we have in solicitors hands, to further build the land pipeline for the business. The Trannack development will be one of our ‘anchor’ sites. “Work will now start on submitting a detailed planning application for a range of new homes on this allocated development. We are looking forward to engaging with residents, community stakeholders and councils as we finalise our plans to deliver much-needed new homes that mean prospective buyers from varying stages of the property ladder will be able to find a suitable home here.” The acquisition of land at Trannack is an important strategic milestone for South West based Devonshire Homes as the 30-year old residential home developer builds its land bank and drives its ambitious five-year growth plan forward. The Devonshire Homes team has decades of experience in building new communities across the West Country with current developments including: Tarka View, Crediton; Longston Cross, Bovey Tracey; Applegate Park, Kingsbridge; Gwallon Keas, St. Austell and The Grange, Bideford. To find out more about Devonshire Homes, visit www.devonshirehomes.co.uk. Building Design and Construction Magazine | The Home of Construction & Property News
Award-winning West Country house builder Devonshire Homes has appointed two new Joint Acting Managing Directors. Jane Pearce and Cris Neale, who have both held senior positions at the Tiverton-based house builder, have now taken the reins at the firm, which has been building homes across the South West since 1992. With over 25 years’ experience in property development, Jane joined Devonshire Homes in 2009 as Head of Sales and Marketing, becoming a Director in 2015. As the Sales and Marketing Director, Jane led the Sales team to ensure that sales targets were met and oversaw the operations of the Marketing Suites located across the region. Jane was instrumental in leading the re-branding and marketing campaigns for Devonshire Homes, establishing the house builder’s position in the region as a high-quality, trustworthy developer. Cris also has over 25 years of housing development experience. After previously being Senior Surveyor at Devonshire Homes from 2004 to 2010, Cris re-joined the company in 2013 as Development Manager and was made a Director in 2015. As the Commercial and Technical Director, Cris was, and remains, responsible for the procurement, quantity surveying and technical aspects of the business which was key to the successful delivery of their recent outstanding developments. Jane and Cris will lead on identifying land opportunities and be responsible for overseeing operations from land purchase through to customer service. Cris commented: “Jane and I have been appointed Joint Acting Managing Directors at a time when the business is focused on growth with a strong desire to become one of the larger players in the region. We are both dedicated to facilitating Devonshire Homes’ growth ambitions to deliver over 250 homes per annum by 2022.” Jane added: “Devonshire Homes has two new sites launching in 2020. We will be releasing homes for sale at Longston Cross, Bovey Tracey, at the beginning of March, and we have recently been granted planning permission for our new Kingsbridge site, Applegate Park. These sites are poised to deliver much needed new homes in South Devon and we’re particularly looking forward to working with the team to make effective starts on these sites and deliver high quality homes and developments.” Independent house builder, Devonshire Homes, has been creating new homes and communities in towns and rural areas across Devon since 1992. The house builder specialises in providing homes which reflect the traditional characteristics and building styles of the region combined with high specification, contemporary interiors. Current developments include: Ladywell Meadows, Chulmleigh; Tarka View, Crediton; Longston Cross, Bovey Tracey and Gwallon Keas, St. Austell. For more information, visit www.devonshirehomes.co.uk.
Devonshire Homes has announced that they have appointed a new Managing Director. Tony Lane has been appointed to this position at the award winning West Country property developers after joining from Galliford Try. Devonshire Homes is based in Tiverton and has been operating across the South West of the country since 1992. The development company has a number of new developments in progress at the moment and works to make sure that they are delivering new homes to the highest standard possible with the award winning experience that they have accumulated of the years. Tony previously worked as a Pre-Construction and Development Director for Galliford Try. In this role Tony helped to deliver a variety of complex projects throughout the residential, commercial and regeneration sectors. Tony Lane worked at Galliford Try for 27 years and was an integral to the expansion of the Group’s Midas and Linden brands. Tony was also a founding director of the Galliford Try Partnerships division during his career at the Group. Other responsibilities included all of the Commercial and Development activities for the PLC. In his new role at Devonshire Homes, Tony will be able to draw on his wealth on knowledge that has come from spending a large section of his career at Galliford Try. Tony will be an asset in is new managing director role at Devonshire Homes and her will be overseeing a wide range of operations within the company. Tony will be required to manage operations spanning from land purchases all the way to customer service for the house building company. After such a long period at Galliford Try, Tony was attracted to the reputation the Devonshire Homes has built for creating a product of high quality. Tony has also expressed his eagerness to join a private company that has shown clear ambitions for growth. The house builders have plans to launch two more sites during this summer and are preparing to deliver high quality homes that are demand across north and mid Devon.
