The Kent Website since 1999
Award-winning Millwood Designer Homes Ltd is set for further growth after attracting a £10m investment in a deal managed by law firm Cripps.
The Tonbridge-based housebuilder specialises in high quality, individually designed homes and will use the money to accelerate its housebuilding programme across Kent, Sussex and Surrey.
Cripps' Katie Haylock, who worked on the transaction with colleague Phil Cunningham, said: "it was a complex deal involving a large London-based property investment company with some £3bn in assets. Its successful completion provides Millwood with the resources to unlock the potential of a large number of its development sites across the South East."
Managing Director John Elliott said: "The housing market is robust in the South East and there is strong demand for good quality new homes.
"The industry is building homes at the fastest rate for a decade. There is still a long way to go before we meet the current shortfall but we are confident there will be an ever greater requirement for the homes Millwood provides – well-built, energy-efficient, attractive housing that will stand the test of time.
"The £10m we have received with help from our longstanding legal advisers Cripps will enable us to bring forward a greater number of sites over the next four years, with knock-on benefits for homebuyers and the local economy."
Millwood's projects, which are renowned for reflecting the architectural heritage of their settings, have won numerous accolades, most recently an Evening Standard 2014 New Homes Award In the best family home category.
For further information about Millwood and the range of properties it has for sale, visit www.millwooddesignerhomes.co.uk or call 01732 770991.
Cripps has offices in Tunbridge Wells, Kings Hill, London and Sandwich.
This link for more Kent business news.
Kent business news
Yourcounty has been publishing Kent business news and events for 15 years. We feature a range of locally focussed stories from and for the business community. Our coverage is largely press release driven, we also write our own editorial features on an ad-hoc basis. We welcome submission of press and media releases as well as news and events. Send us an email with the relevant details.
Kent news is central to the Yourcounty coverage, we pride ourselves on publishing an eclectic mix of stories and features; from and for the local community. We welcome the submission of; news releases, stories and events for inclusion on these pages. We can't publish everything we receive but we are always looking out for relevant and interesting material. We also publish community news.
Feedback and disclaimer
Much of our local news and business news copy is written by third parties including professional journalists. We publish these features in good faith but if you spot an error or omission please let us know. Although we review news releases before we publish them, we don't endorse the opinions expressed or accuracy of information contained in them. If you have news of your own to share, simply get in touch.