New luxury homes in Cameron Court in Wynyard, Stockton-on-Tees are being brought to market by Hartlepool-based Port Homes – funded with £1.5million investment from the Teesside Flexible Investment Fund, managed by FW Capital.
The exclusive development of three executive homes is set in one of the most sought after postcodes in the North East. Located within 885 acres of woodland, it will feature personalised, high specification five-bedroom homes that can be customised with plot sizes up to 1/3 of an acre with larger than average gardens, car chargers, solar panels and Mechanical Ventilation with Heat Recovery (MVHR) systems which are specifically designed to provide continuous ventilation while recovering heat from outgoing stale air, enhancing energy efficiency in residential buildings and properties.
Port Homes is a family run, Hartlepool established housing company founded by brothers Daniel and Christopher Port. The duo are focused on bringing fresh ideas to the housing industry, with bespoke designs and a ‘Choose your floorplan’ concept which ensures no two homes are the same.
Daniel Port, Director at Port Homes explains: “Cameron Court is our first venture into executive homes because previously we have been focused on first time homes. This is an exciting project for us in a prestigious and highly sought after postcode. We’re a local developer with a deep-rooted commitment to identifying land for development in the North East. We’re grateful to FW Capital for their investment and support which is helping us to provide beautiful new homes in an absolutely stunning part of the region.
The investment has given us the working capital to assist the development at Cameron Court as well as the ability to manage multiple sites at once. The team have been efficient and supportive throughout the whole process.”
Lewis Blakelock, Investment Executive at FW Capital added: “Supporting local property developers is something we are passionate about, and the Teesside Flexible Investment Fund is helping to fill the funding gap and enable growth across the region. We’ve been impressed by the team at Port Homes and this investment demonstrates how the Fund is making a positive impact and helping developers to bring new properties to market. We’re delighted to have been able to help.”
Teesside Pension Fund Chair Councillor John Kabuye said: “I’m delighted to see another worthwhile project benefit from the Teesside Flexible Investment Fund.
“This initiative by FW Capital is helping to support local businesses and create jobs and other benefits for the local area, and at the same time delivers significant returns for the Pension Fund.”
The Teesside Flexible Investment Fund is a £20million fund to support economic development in Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton-on-Tees through a mix of finance to support buying a business, property funding and bond finance. It is backed by investment from FW Capital and The Teesside Pension Fund and delivers loans of £100,000 to £3million to enterprises making an economic impact in Teesside.
