Capsticks advise Havebury Housing Partnership on £27.3m project for 201 homes in the east of England14/04/21
Capsticks is delighted to have advised Havebury Housing Partnership in connection with security charging of 201 tenanted and shared ownership homes.
Completion of this Phase 2 charging exercise took place on 7 April 2021, following successful completion of the Phase 1 charging exercise in December 2019.
The majority of the homes were under ten years old and considerable legal work was carried out by the planning team pre-completion, so that a full market valuation could be achieved. Capsticks’ work realised the most security for the client, enabling them to continue to build more affordable homes in the east of England.
Anna Knight, Development Programme Co-Ordinator for Havebury Housing Partnership, said: “We are happy to have been able to close this deal, working in close partnership with the Capsticks team, and are keen to ensure further funding for local development and to provide the best experience moving forwards for all our residents.”
Mike Regan, Legal Director at Capsticks and project lead, commented: “We were delighted to support Havebury Housing Partnership with this project, helping them strengthen their business and invest in communities where people want to live.”
Capsticks’ 100 strong specialist housing team advises more than 220 registered providers across the country, offering a full service solution to housing providers on all kinds of funding arrangements, acquisitions, governance and security charging, always with a focus on clear and practical advice to clients.