June 07, 2022
Northstone continues to make its mark in the North West property industry, securing a £30million Revolving Credit Facility with NatWest, allowing the company to grow at pace.
The housebuilder is currently active on five sites, with a delivery pipeline of over 1,000 homes. As part of Peel L&P and with access to this new credit facility, Northstone is on a significant growth trajectory over the coming years.
The new partnership with NatWest will support Northstone to continue to innovate, adapt and regenerate spaces and places as well as creating carefully designed homes in community-focused spaces that shape the future of living.
With a reputation for building energy efficient homes, something that is more important to buyers than ever before, Northstone has adopted a pioneering approach to development, focussing on innovation and with sustainability at the heart of its design principles.
Northstone’s homes exceed standard energy-efficiency requirements by providing household technology that is proven to lower energy bills, such as energy-efficient windows, intelligent heating systems, waste water heat recovery and waste reducing construction.
Matthew Colton, Finance Director at Northstone said: “This is a really significant milestone for Northstone, and we are excited to be working with NatWest to deliver the high quality and innovatively designed homes the region desperately needs. We are grateful to HSBC, who supported the company when it was in its infancy and are looking forward to the future”.
Matt Giggs, Relationship Director at NatWest, said: “Since its inception in 2018, Northstone has made a significant impact across the North West housebuilding industry. Northstone is well-positioned for material growth, and NatWest is delighted to have provided financing to support the business’ objectives, in keeping with our own growth agenda. We look forward to building our relationship with Phil, Matt, and the excellent team at Northstone over the coming years.”