Bringing you live news and features since 2006 

Kevin McCloud’s HAB Housing launches new bond to fuel growth plans

RELATED TOPICS​

HAB Housing, the design-led sustainable, environmentally and community conscious custom housebuilder founded by Grand Designs’ Kevin McCloud, has launched a new GBP50 million IFA Bond.

The bond aims to raise an initial GBP8-10 million to fund the recently announced Elderberry Walk development in Bristol, which starts construction later this year. With three new projects in the pipeline, the goal is to raise GBP50 million over the next 12 months to facilitate the acquisition of land, and the development and construction of sustainable housing projects in the South West and South East of England.
 
HAB was launched in 2007 with a vision to counterbalance large volume housing schemes with beautiful, sustainably built homes. HAB schemes incorporate social housing, green space and community areas, taking local context and needs into consideration. The HAB IFA bond will raise money to build up to 600 new homes per year, in a bid to offset the UK Housing crisis.
 
McCloud says: “I’m very excited to launch the IFA bond hot on the heels of our successful crowd-funded mini-bond. It’s a great opportunity for us to deliver against our sustainability objectives and become a truly triple bottom line business – creating measurable social, environmental and sound financial profits.
 
“Our innovative approach to fundraising will also help us achieve our five-year vision to build 600 new homes per year, combat the UK housing crisis, and challenge the way volume housing is designed and delivered.”
 
It’s been a milestone year for HAB: The Acre in Oxford sold out and families are now moving in; Lovedon Fields in Winchester sold out 100% off plan; Elderberry Walk begins construction this autumn; Barns Road, Oxford won a regional RIBA award, and the Housing and Communities Agency selected HAB as a trusted developer to join DPP3. The launch of the IFA Bond is just another step forward, as we continue to build award-winning housing that is a pleasure to live in.
 
HAB’s CFO Simon Bullock, says: “HAB’s five year vision is to be building 600 homes per year. That’s a tenfold increase on our current builds, and we are launching this IFA Bond in order to achieve that. As a small house builder with pride in what we do, we hope the Bond will enable us to continue building sustainable homes that people love to live in.”
 

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by