Maslow Capital Announces €9.6m Financing to Support the Development of 37 Residential Houses in Eccleshall
Specialist real estate finance provider Maslow Capital has provided an €9.6 million development finance package to support growing housebuilder, St Philips Homes, in the acquisition of land and the development of 37 residential houses in Eccleshall.
Situated on Castle Street, Eccleshall, the development is ideally located within walking distance to the town centre, offering convenient access to local amenities such as schools, shops, and public transport. The project consists of 23 private homes and 14 affordable homes, designed to cater to young couples, families, and the retirement community. The 14 affordable homes will be sold to a local Housing Association, ensuring immediate community benefit.
The project will be developed by a highly experienced development team and boasts strong ESG credentials, with the homes designed to achieve an EPC rating of A. This top-tier rating ensures lower energy bills for residents, a reduced environmental impact, and long term protection amid increasing energy efficiency regulations. The houses will be constructed using sustainable timber and brick, ensuring environmentally friendly and high-quality construction. Recent data from Stafford Borough Council indicates a significant need for new housing, with current delivery rates being significantly below target levels, underscoring the importance of new developments like this in meeting the region’s housing demands.
“We are thrilled to partner with Maslow Capital on this significant project. Their support enables us to deliver much-needed housing in Eccleshall, addressing the critical demand in the area. We are committed to building homes that not only meet the highest standards of quality and sustainability but also contribute positively to the local community. This development represents a major step forward in our ongoing efforts to provide affordable, high-quality housing options for a diverse range of residents.”Daniel Le Neveu, Managing Director at St Philips Homes
“St Philips and their experienced team have earned an impressive reputation for creating high-quality homes, in desirable and family friendly locations. With the completion of our first loan together, we look forward to supporting St Philips on future schemes and accelerating their growth. More broadly, Maslow has continued appetite to support single family schemes, along with assisting to address the ongoing housing supply shortage across the UK.”Anthony Raud, Director of Development Origination at Maslow Capital
