Working with experienced Insulated Concrete Formation (ICF) contractor, Agilitee and proven property developer, New Dimension Homes Ltd, Hodge has provided a development finance loan. The loan will support the land purchase and full construction costs of four brand new three-bedroom detached houses and four two-bedroom semi-detached houses, in Swingate Cross, Hellingly, East Sussex.
The development will provide new high quality and energy efficient family homes for the area, with a strong focus on efficiency and sustainability. The project will be completed using the cutting edge ICF construction system.
ICF consists of modular, lightweight hollow blocks that are typically made from expanded polystyrene. The interlocking forms are dry-stacked on site and reinforced with steel before concrete is poured into the cavity. Once the structural work is complete and the concrete has cured, the outcome is a strong, highly-insulated and airtight building that’s ready to finish inside and out.
This method of property development provides an efficient all-weather construction system with the insulating blocks helping to retain heat when the concrete is pumped in, meaning the concrete cure can still take place even in wet or frosty conditions.
Chaminda Narayan, construction director, said: “We’re really excited to be working with Hodge on this project that’s fully focused on sustainability and will provide new homes for local families. Building with an ICF construction system allows us to build high quality homes at pace, that will be incredibly energy efficient and will ultimately save homeowners a significant amount on their energy bills.”
Greg Pescott, senior development finance manager at Hodge added: “It’s a pleasure to support a new housing development that will provide new homeowners with a quality product built with energy efficiency at the heart.
“The location of the housing scheme is excellent and we are looking forward to working with the team at New Dimension Homes, as their previous developments have all been delivered to an exceptionally high standard.”
To find out more about our Development Finance facilities including Stretch Senior Finance and our Bridging solutions - Acquisition Bridge, Sales Bridge, and Refurbishment Bridge, and how the team could support you, take a look at our criteria and details or get in touch with us at DevelopmentFinance@Hodge.co.uk.