Housing - Burnham Building Boosted

An eco-friendly village for over-55s, in Burnham-on-Crouch, Essex, is set to grow further following the developer’s securement of an additional £10m of funding for the project from Shawbrook.

The new finance will support the expansion of the first part of Burnham Waters by an additional 19 bungalows, taking the total for this phase to 63 properties. It will also allow the developer to acquire 20 acres of neighbouring land for vital infrastructure works.

The overall project – comprising 103 bungalows, 55 independent living flats, a 70-bedroom care home and a parade of shops – is making good progress, with show homes due to open.

 

Electric minibus service

The village aims to reduce carbon emissions by almost a third compared to current building regulations, with an electric car charging point for each bungalow. An electric minibus service will also provide residents regular connections to the town centre.

 

 “Shawbrook has proven to be a dependable partner that understands the intricacies of financing a multi-phase and complex project like Burnham Waters.”

– Ian Holloway 

Project director, Burnham Waters Limited

 

Growing demand

Patrick Coughlan, Relationship director, development finance at Shawbrook, says: “It’s great to see the progress of this development and we’re happy to be supporting this area of growing demand in the housing market.”

 

Picture: Burnham Waters in an artist’s impression.

www.burnhamwaters.co.uk

www.shawbrook.co.uk

Article written by Cathryn Ellis
06th December 2022

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