The corporate funding will be used to secure extra landbank by selecting some prime brownfield sites, with the aspiration of increasing housebuilding activities in future years.
Currently, there is a massive demand for property with a large undersupply in
Development finance has changed significantly in recent years as funders are seeking more creative solutions to raising finance as traditional lending which came from banks is still impacted by minimum solvency requirements.
The ability of
It is expected that the majority of funds will come from institutional investors. This will only improve production capacity and will benefit the end consumer.
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Website: https://www.smeckcapital.co.uk/barratt-developments-enters-joint-venture-with-london-based-smeck-capital
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