Construction News and Jobs in Northern Ireland
A PEER-to-peer lender has provided £7.2 million of funding to a Co Tyrone property developer for the construction of 55 new homes in Mid Ulster.
Assetz Capital is supporting the N & R Devine Group in three of the group's developments in Cookstown (20 homes) , Coalisland (25) and Sion Mills (10).
Of the 55 houses, 31 are mid construction, with 15 agreed or sold. The houses range in value between £105,000 and £189,000. The firm is aiming to complete the construction by Spring 2020.
Niall Devine from N & R Devine Group said:
“With Assetz Capital's support, we have the funding to execute our plans and construct these homes on schedule. Andrew and his team were able to provide a flexible facility that met our requirements, and we are looking forward to continuing our work with the firm as we target future projects.”Andrew Fraser, relationship director for Assetz Capital added:
“We were impressed by the scale and ambition of Niall's plans, and they required a facility to get the projects over the line to meet demand. N&R Devine Group has an excellent reputation for quality, very affordable family housing in the region, so we were keen to work with the firm to deliver these properties in a timely fashion. With the majority of the homes already booked or sold, we have no doubt that the finished project will be a huge success for the group.”
Established in 1999, N&R Devine Group designs, builds and maintains properties across the north west, Mid Ulster and Northern Ireland. Last year the firm constructed and sold over 80 family homes on the island of Ireland.
Credit : Irish News
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