Ben Bailey Homes secures £5 million financing deal

12th June 2024

Housebuilder Ben Bailey Homes has secured a £5 million financing deal from St Bride’s White Rose Residential Partnership to advance its pipeline of new homes in South Yorkshire.

The funding will aid developments including the 23-home Rockingham Fold project at Upper Haugh, near Wentworth, and the 20-home second phase of Harrop Mews in Swinton.

Jessica Fielden (corporate), Amraj Boparai (real estate) and Emma Davies  (corporate) from Schofield Sweeney represented Ben Bailey.

“It was a pleasure acting for Ben Bailey Homes in completing this important refinance within the tight deadlines. It will support the delivery of a number of their developments and the construction of the new units will lead to a sorely needed increase in the housing supply for the area.” Amraj Boparai commented.

Richard Conroy, Chief Executive at Ben Bailey and Conroy Brook, commented, “This new partnership is a significant step in executing our business plan for high-quality homes across the region. We are pleased that our values and objectives align so well with St Bride’s.”

He added, “We look forward to delivering this initial round of projects and now have the mandate to acquire more sites of 30-100 units with St Bride’s in the South Yorkshire region.”

Ian Houston, Partner at St Bride’s Managers, stated, “This is the third lending deal our Partnership has recently completed in South Yorkshire for our residential portfolio. We are excited to support Ben Bailey in their growth plans to deliver more quality homes.”

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