Huntstowe Land Limited
Huntstowe Land (www.huntstowe.co.uk), the new land promotion company set up by Chris Haworth and Nick Harper, is delighted to announce the formation of a joint venture with Greenacre Capital. Greenacre will be providing initial funding of £2m, with further funding available when required.
Huntstowe Land already has three sites under promotion and with a number of further development opportunities under negotiation, this will soon deliver the potential for over 1,000 dwellings.
Chris Haworth, Director of Huntstowe Land, said “We are very pleased to have formed this alliance with Greenacre Capital. They are an ideal partner for us, commercial and fleet of foot, and will enable Huntstowe Land to grow significantly over the next few years.” Francis Ong, Managing Director of Greenacre Capital, said “This is a sector of the market where we are under-represented, and working with the undoubted skills of Chris and Nick, and the Huntstowe Land team, we look forward to developing a significant business in the strategic land market.”
Huntstowe Land was represented by Rick Gibbs of Burnden Capital who has also taken a stake in the business.
About Hunstowe Land
Huntstowe Land was set up by Nick Harper and Chris Haworth to work with landowners to promote land for development. Huntstowe uses its expertise to deliver planning consent for landowners. The cost and technical expertise required to bring land forward to achieve planning consent is very significant and many landowners choose to work with a promoter. Until planning consent is achieved, all the substantial planning costs are ‘at risk’ and this risk is often too substantial for a landowner to bear. Huntstowe is able to shoulder that risk, in exchange for a small share of the proceeds, once planning consent is granted and the land is sold.
Both Chartered Surveyors, Haworth and Harper first started promoting land together while Chris was Head of Carter Jonas’ Commercial Department and Nick was Head of Development at The Crown Estate. Together they successfully drove the development performance of the Crown’s sizeable and diverse national land portfolio of 360,000 acres.
About Greenacre Capital
Greenacre Capital Ltd is a private investment company working across three divisions: property, independent living and clean energy. Based in the UK, the company works in partnership with governments, investors and charities around the world to identify investment opportunities that are both profitable and socially responsible. Its mission is to turn sustainable and social projects into positive investments.
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