Work starts on apartments adjacent to Richmond Park

By Heather Nicholls

16th Oct 2023 | Local News

William Togher and Steve Chambers on site. (Photo Credit: Ambitious).
William Togher and Steve Chambers on site. (Photo Credit: Ambitious).

Work started last week on a development of 13 apartments at Kingston Hill, adjacent to Richmond Park.

The apartments, by Kidbrook Homes, have been designed to a high-quality standard and features such as heat pumps, electric vehicle charging points, solar electricity panels and indoor and outdoor cycle storage will be incorporated into the homes to support energy efficiency and sustainability.

It marks the tenth project by the Barwood Residential Investment Platform (BRIP) which provides equity to SME residential property developers and typically focuses on schemes of between five and twenty properties in attractive areas of high demand.

The platform currently has almost 450 homes at varying stages across the UK.

Projects by Kidbrook Homes have been featured in each BRIP investment package to date.

Steve Chambers, head of residential at Barwood Capital said: "Forming long term relationships with experienced developers such as Kidbrook Homes has been an important focus for the Barwood Residential Platform, which invests in a range of high-quality schemes in select locations around the country.

"Our longstanding partners know the criteria we work to and so can concentrate on finding sites that will match up to deliver profits for them and for our investors.

He added: "We have around 130 high net worth investors at present and around 80% reinvest each time a scheme is concluded and profits are distributed."

To celebrate the start of this latest project and the longstanding partnership between Barwood and Kidbrook Homes, Steve Chambers and William Togher, founder and managing director at Kidbrook Homes met on site to hold a breaking ground ceremony.

Togher said: "We are very proud to be delivering this extraordinary acquisition in conjunction with Barwood Capital."

"Having worked together for many years this mutually successful relationship continues to go from strength to strength.

"We are confident that this latest flagship development with be hugely sought after and provide much needed new homes. Its historic Richmond Park setting will sit well within our current portfolio and contribute to the continued growth of Kidbrook Homes."

     

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