Burrington Estates are proud to announce the agreement of a £30 million funding package advised by RoundShield Partners LLP to support and expand the development of our New Homes business based in Exeter.
Burrington Estates New Homes, led by Colin Palmer, the former head of Taylor Wimpey Exeter, was established in 2016 to compliment the groups other property and commercial activities across the South West. In just under one year, we are proud to have already commenced delivering high quality homes in Newquay, Clyst George (Exeter), and Plymouth.
Headquartered in London, RoundShield Partners LLP is an advisory firm, founded in 2013, which advises discretionary funds that provide flexible capital solutions to European small and mid-cap companies and assets.
The funding will be used to further expand and accelerate the development of our New Homes business, targeted at the local market, across Devon, Cornwall and Somerset. In 2017, Burrington Estates New Homes will commence several new schemes, these will be located in Truro and Trispen in Cornwall, Manadon, Plymouth and Topsham, Exeter.
Colin Palmer, Managing Director of Burrington Estates New Homes, said:
“We are delighted to have secured RoundShield as our financial partner and we are hugely excited by the support and opportunity this funding provides. A supply of high quality new homes across the South West is essential for homebuyers and the wider economy and Burrington Estates are exceptionally well placed to deliver this.”
For further information about our current and upcoming developments visit www.burringtonestates.com/new-homes