Hampshire Trust Bank funds semi-rural residential development in Norfolk

Hampshire Trust Bank has provided a loan to Norfolk-based Greengate Homes for the acquisition of a site in Swanton Morely and the construction of four homes.

The Home Farm development, which has a gross development value of about £2m, comprises of a three and a four-bedroomed bungalow and a four and a five-bedroomed house, each with its own individual design and layout.

Rob Webb, Co-owner and Finance Director at Greengate Homes, said:

We are delighted to be working with Hampshire Trust Bank. As a flourishing development company, the relationship we have with our bank is critical, helping to ensure we don’t miss out on the right development opportunity. Having a bank on board that provides a hands-on and commercial approach allows us to concentrate on delivering our very exciting project, hassle free.

John O’Donnell, Director, Property Finance, at Hampshire Trust Bank, said: “We are delighted to be working with Greengate Homes on this development. Being locally based, the firm understand the local market and the type of homes that people are looking for in the area. We hope to support more developments across Norfolk and the wider East Anglia region.”