Long Harbour has agreed a forward funding deal with Dandara on 193 single-family homes in Mowbray Village, Horsham, and 65 homes in Great Dunmow, Uttlesford.
The homes in Mowbray Village form part of a large parcel of land acquired by Dandara within the wider Mowbray Village masterplan. Once complete, Mowbray Village will comprise 2,750 new homes, 500,000 sq ft of employment space, a supermarket and a sports campus.
The acquisitions were made on behalf of Long Harbour’s latest single family housing fund, which is currently deploying up to £600m into single-family housing assets.
Jack Spearman, managing director of single-family housing at Long Harbour, said: “This investment reflects our ongoing commitment to scaling our portfolio and meeting our ambitious deployment targets. Our strategic partnerships with housebuilders such as Dandara means we are able to deliver much-needed rental homes in sought after locations. Horsham and Uttlesford are vibrant towns, yet access to homeownership remains a challenge. By forward funding 193 houses in Mowbray Village and 65 in Great Dunmow, we are helping to meet the growing demand for high quality rental homes.”
Paul Ebbs, divisional managing director at Dandara, added: “This is an important milestone for Dandara as we expand into West Sussex and West Essex and strengthen our presence in the South East and East of England. Mowbray Village and Great Dunmow are both fantastic locations, and we’re proud to be working with Long Harbour to help deliver high quality, well-connected homes for rent and affordable living. As one of the UK’s leading developers in the institutional living sector, single family housing is a key priority for us – and partnerships like this are central to how we support long-term housing needs and create thriving new communities.”
Long Harbour was advised on the transactions by CMS and Knight Frank. Dandara was advised by Newmark, Savills and CRS.
