We are delighted to announce that we have secured a further £30 million of equity from M&G Investments.
The investment will be used to drive our expansion, initially by targeting land acquisitions across the South-East of England. Building on an existing portfolio of completed and pipeline projects, we are looking for new partnerships to deliver affordable and private housing for rent and for sale in addition to our existing partnership with M&G Real Estate.
Zachary Webb, Head of European Investments in Catalyst, commented “Greencore’s approach is unique and a disruptive solution with huge potential to scale. Our extra investment will create opportunities to deliver urgently needed high quality, ultra-low carbon homes, using methods and materials that showcase what the future of the UK housebuilding industry could look like.”
Jon Di-Stefano, CEO of Greencore Homes said “This investment will enable us to secure the land needed to deliver on our targets whilst supporting local communities, jobs and the environment. We look forward to continuing our strong relationship with M&G while we seek out new partnerships to help bolster our pipeline and support our target of building 10,000 climate-positive homes.”
