Assetz Capital

Assetz Capital lends £3.1m for construction of eight homes on farmland



Assetz Capital has provided a £3.1m loan to Eastrop Barns for the construction of eight new homes in Highworth, near Swindon.

The specialist marketplace lender’s loan will help to fund the development which will comprise three luxury converted modern farm buildings, three large historic barn conversions with integrated parking and two refurbished workers’ cottages.

Eastrop Barns will provide a mixture of three-, four- and five-bedroom homes across the scheme, with Nigel King, director at Eastrop Barns, acting as project manager and lead builder.

Eastrop Barns

Construction of the development began in July 2019 and is expected to be completed within 12 months.

“We have been impressed with Assetz Capital’s knowledge of the market and speed of delivery, which has allowed us to make a start on construction and target completion in less than a year,” said Nigel.

“We look forward to continuing our work with Assetz over the course of construction and beyond.”

David Hales, relationship director at Assetz Capital, added: “We have a commitment to support ambitious developers in their quest for building more houses and meeting the country’s demand for quality new homes.

“Placing our funds into property development means that we are able to make a positive impact on the housing market.

“This particular development will positively impact Highworth, creating jobs, fuelling growth into the town and adding to the luxury property market, making the area more desirable for future property owners.”


Sign up to our newsletter to receive more news like this story

I accept that by joining the DFT mailing list, I will receive relevant news and promotional material via DFT on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.



Leave a comment