“As a developer, we are committed to building quality homes in the finest locations in the North East. We’re proud to be employing quality local contractors from local towns and villages and are grateful to the FW Capital and the North East Property Fund for supporting this project.”
One North is a North Yorkshire based residential development company, specialising in new build homes and barn conversions in rural locations.
The business secured short-term loan of £690,000 from FW Capital’s North East Property Fund to finance the construction of three homes in the rural village of Whorlton, near Barnard Castle, County Durham.
The four-bedroom barn-style homes, which comprise of over 2,000 sq-ft including single garages and spacious gardens, were completed in March 2020 and are now all sold.
This was the first project the North East Property Fund had funded in Teesdale, and highlighted how the fund can provide smaller construction firms with the investment to build vital new housing in rural areas.