Affordable housing provider St. Arthur Homes has acquired a new site of Shared Ownership homes in Welwyn Garden City from Crest Nicholson. Known as Willow Place, the site at Bessemer Road comprises 15 apartments in a mix of one- and two- bedroom layouts, located close to the town centre.
This comes as part of St. Arthur Homes target to grow its portfolio to 2,000 homes within the next five years.
The development is currently under construction and due to be build complete next summer. This deal is typical of the way that the dynamic young company is proactively seeking partnerships with leading housebuilders as it ramps up its portfolio.
Richard Cohen, Chief Executive Officer at St Arthur Homes, comments: “We are delighted to have acquired our latest site in Welwyn Garden City, putting us on track to meet our plans for growth. These are affordable, well-located homes which are such in demand from first time buyers, so we know they will be popular. We are actively looking for other similar opportunities to acquire further affordable housing allocations.”
St Arthur specialises in high quality shared ownership homes, where there is no distinction with properties for open market sale. Working collaboratively as a member of the Wayfarer Partnership, St Arthur is committed to improving affordability for buyers and helping to support more people onto the property ladder.
St Arthur Homes acquires, owns and manages property across outer London and both the south and east of England. It currently has developments in Southampton, Portsmouth, Datchet, Sutton and Welwyn Garden City, with new sites in Winchester, Wisborough Green and Bushey Heath also in the pipeline.
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