Investing in Edenbridge’s social infrastructure: Enabling growth through new homes and businesses

Against the backdrop of a major overhaul of the planning system aimed at accelerating housebuilding and delivering 1.5 million homes by 2029, the Government has committed to a brownfield-first approach. Triple Point’s Property Development team, on behalf of the lending businesses it represents,  is supporting Total Homes Edenbridge in delivering new homes and commercial space on a key brownfield site.

Triple Point’s Property Development team has originated a £11.663m facility to support the delivery of 38 homes as well as a new retail and commercial space on a well-situated site in Edenbridge, Kent.

A former builders’ merchant yard, the site benefits from full planning permission and will be transformed into a high-quality mixed-use development. Located adjacent to Edenbridge Town railway station, the project will offer a mix of one and two-bedroom apartments, three and four-bedroom houses and commercial units designed to support local business engagement.

The development intends to cater to the growing commuter population in Edenbridge with a modern and energy efficient mixed-use development for the town. In providing social infrastructure support for the development, the commercial units will enhance both the retail and employment landscape for the area, benefitting employment rates and supporting local businesses and entrepreneurs.

The financing package will sit alongside Mezz financing and covers both the land acquisition and the development costs, enabling smooth progress for the project across all phases of its construction.

Total Homes, an experienced developer proven by its record in residential projects, will oversee the construction through its in-house team, prioritising cost efficiency and high standards of quality.

A spokesperson from Total Homes commented:

"This funding allows us to deliver a thoughtfully designed, high-quality development in a prime location. The Property Development team’s flexible approach and deep market expertise have been instrumental in structuring a funding solution that meets our needs. We are excited to bring new homes and commercial opportunities to Edenbridge and contribute to the town’s growth."

Steven Brigly from Triple Point said: “We are pleased to have originated this opportunity which project enables sustainable, high-quality developments. The homes will be built to modern energy efficiency standards, incorporating sustainable materials and design features that reduce energy consumption.

“Supporting both new residents and local businesses, the integration of residential and commercial spaces guarantees a vibrant community supported by adequate social infrastructure in the town.”

“This deal outlines our focus on well-structured projects on behalf of the lending business that we represent, that meet both local housing needs and the needs of our borrowers. We look forward to seeing this development take shape and delivering long-term value for Edenbridge and its residents.”

Find out more about Triple Point Property Lending.