Gregory Property Group has started construction to build several new family homes in Monk Fryston in North Yorkshire following a funding deal secured with Assetz Capital, one of the UK’s leading Peer-to-Peer lenders to business.
The Leeds based, award winning developer acquired the former quarry site, off Abbeystone Way, last year and secured planning approval to build nine new family properties including five four-bedroom detached homes and four three-bedroom town houses.
Andrew Foggitt of Gregory Property Group said: “We are delighted to be able to start on site with this small and very individual cluster of new homes situated in a very attractive residential location and close to amenities on Main Street. All properties at ‘Abbeystone Gardens’ are being built from natural materials in keeping with the local area.
“Selby District Council has recognised a requirement for more housing in the area and we are keen to support this agenda with completion anticipated in the Autumn.”
Stuart Law, CEO at Assetz Capital, said, “It is great to be able to back another quality developer and help deliver much-needed houses. Our specialist team is working on funding thousands of new homes and we look forward to the Government’s forthcoming housing White Paper that we trust will accelerate the process.”
Shulmans acted for Gregory Property Group in formalising the funding deal and Bradford based Torpoint is contracted to build the houses.
Gregory Property Group has achieved an outstanding track record in delivering sustainable property developments across the North of England for the last 30 years.
The award winning company has developed or gained planning consent on more than three million sq. ft. of commercial development in the region either independently or in joint ventures with other recognised property developers.
Notable projects within the Gregory Property Group portfolio include the £40 million mixed use scheme at Broad Street Plaza in Halifax and the £40 million retail park at Foss Islands in York.
