Octopus Real Estate has completed four new loans totalling more than £15m as part of its Greener Homes Alliance initiative with Homes England.
The loans will fund the development of dozens of new sustainable homes in Guildford, Norfolk, Harrow and Winchester, to be delivered by four SME developers.
Nick White, head of development origination at Octopus Real Estate, said: “The Greener Homes Alliance initiative was created with the purpose of supporting developers to make greener decisions for their projects. The completion of these four loans is a fantastic representation of how this initiative is working, with homes being built that will meet new standards to reduce energy use and carbon emissions.
“We are extremely proud of the impact we’ve made thus far through our partnership with Homes England. As a B Corp, Octopus Real Estate is committed to future proofing developments and accelerating green initiatives within the property market.”
Andy Scott, head of development lending at Octopus Real Estate, added: “Our alliance with Homes England continues to be popular among SME developers. We’ve recently hit an exciting milestone for the alliance; we’ve now received redemption funds on three of the 12 loans we’ve provided since we launched the initiative, and the developed schemes are beginning to sell.
“One of the schemes in Bristol – developed by Autograph Homes – is achieving SAP scores of over 100, which is a fantastic result for the alliance, the developer, and the new residents of the properties.”
