Bespoke housebuilder Yorkshire Country Properties has signed a joint venture with real estate group, Dominvs Group, that will result in an initial £50 million of new homes being built.
The firms behind the deal
As part of the deal, Dominvs is earmarking a further £50 million for land acquisition in Yorkshire over the next 12 months, enabling the partnership to deliver on their expansion plans.
Yorkshire Country Property, the Holme Valley headquartered development company, is currently working on a range of housing sites and is known for its bespoke approach to housebuilding through attention to detail and the craftsmanship of its new homes.
Based in London, Dominvs Group is a real estate and investment group that focuses on the residential and mixed sectors. The JV is part of the Group’s strategic focus to continue with its residential and mixed-use developments outside of London, focusing on the South West, North West, West Midlands, and Yorkshire.
The news follows the Group’s topping out of a brand-new Hampton by Hilton 202-bed hotel in Bath as well as the launch of a new Social Value Unit following the acquisition of community value consultancy SeerBridge. This funding boost by Dominvs Group will allow Yorkshire Country Properties and Dominvs to secure and deliver more residential sites and expand its reach across Yorkshire over the next two years.
Stewart Brown, managing director of Yorkshire Country Properties, said: “This investment will enable us to maintain our bespoke and high-quality principles whilst allowing us to grow the business into new markets and areas. Dominvs Group is a great partner, and they recognise our unique potential and ambition to move forward with our ‘bespoke your home’ model to a wider audience.”
Brown continued: “Furthermore, Dominvs is an ambitious, entrepreneurial property group that’s on a fast growth path. It has the in-house expertise to enable us to jointly deliver many more bespoke, quality homes in Yorkshire, and eventually further afield. This deal will take the company to a completely new level.”
Jay Ahluwalia, senior director of Dominvs Group, commented: “We have worked with Yorkshire Country Properties for over two years, and they are a leading residential developer that has a strong reputation for delivering beautiful, bespoke homes across Yorkshire where people want to live.”
Ahluwalia added: “This joint venture formalises our relationship with the housebuilder and creates a unique proposition in the market, for both customers and those looking to sell land. It will allow us to build on our long-standing relationship and draw on the strengths of both companies."
Yorkshire Country Properties will also continue to secure funding from Homes England, as it has previously done. The company is currently building houses at Netherthong and Shepley, in the Huddersfield area, with other sites in its development pipeline.