Development update – major UK expansion and £4m housing scheme

Taggart Homes has revealed plans for a number of new schemes across the UK, the acquisition of a home building company and new land for development to grow its brand.

Since launching in the UK back in 2018, Taggart Homes has worked on acquiring and developing multiple housing schemes across the Midlands and South of England.

Plans for 11 new sites have been announced in these locations, which once complete will bring 400 quality new-build family homes to the two regions.

The property developer is currently working on new schemes in Annesley and Retford in Nottinghamshire, and Carterton in Oxfordshire.

New sites include schemes in Great Dalby and Somerby in Leicestershire, Mansfield in Nottinghamshire, Huntington in Staffordshire, and South Kesteven in Lincolnshire.

The Irish founded company has recently confirmed a number of deals for design and build social housing alongside its current live developments and has also announced its intention to acquire land for sale in the Midlands and South, with scope to deliver new housing schemes in these specific areas.

Chief executive officer Michael Taggart says that they also wish to acquire existing UK house building companies to merge into and grow the Taggart Homes brand.

He comments: “We are delivering a number of high-quality housing developments in these prime locations and quality is our USP.”

“Home to many major employers such as Amazon, Boots, HMRC, Next, Siemens and Samworth Brothers – the Midlands is centrally situated, with excellent travel links up and down the country, and its accessibility will soon be further improved with the introduction of HS2.”

“The South of England, with its varied geography, close proximity to the picturesque Cotswolds and the capital offers plenty of opportunity and there is scope to deliver key developments for a range of buyers from families, to first-timers and downsizers.”

According to Taggart, the developer is advancing steadily in the UK and has ambition to continue growing and evolving.

“We will be looking to link up with landowners and corporate financial advisors with sites for sale, and we wish to talk to business owners who would be open to forging partnerships, with a view to being incorporated into Taggart Homes,” he adds.

Taggart takes an active interest in ensuring that quality is assured and that the value for money products are installed in each home.

He says: “We build communities where neighbours become friends, where memories are made and we understand what a huge step buying a new home is, so we always strive to provide the finest quality properties, where luxury meets convenience.”

Create Homes secures £4m loan for Lancashire housing scheme

Create Homes has secured a £4 million funding package from Paragon Development Finance to support its 23-home development in Pilling, Lancashire.

The Blackpool-based company’s St William’s Gate development will consist of 23 two, three and four-bed houses.

Phase One of the scheme is sold out and the company has just embarked on building and marketing Phase Two.

Paragon’s funding has enabled Create Homes to refinance existing debt related to the scheme, as well as completing the project. The deal was led on behalf of Paragon by relationship director Dave Rowlinson, who focuses on the North West.

Paul Mathison, group chief executive of Create Homes, comments: “After the success of our first two residential developments in the region, we are really excited with this latest residential project.”

“We are convinced that the quality of our homes and the rural setting allows us to offer an exceptional product – the quality of which will be the best in the area.”

“Dave and the team at Paragon completely understand the needs of SME housebuilders. They were efficient, flexible and able to deliver on what they promised.”

Rowlinson adds: “Create Homes has forged a great reputation for delivering quality family homes in attractive locations. This scheme has already proved popular with Phase One selling out quickly and I’m sure Phase Two will be equally as popular.”

Create Homes is a new client to Paragon and the deal was introduced by David Rainford, property finance director of Cowgills.

The funding has been arranged over 26 months and the scheme's total Gross Development Value stands at £6.4 million.

Other advisers included Hayden Manifold of Savills (Valuer), David Boyes, Rhian Griffiths and Oliver Labbett of Dalbergia (Project Management) and Peter Williams of DAC Beachcroft (Legal).