Developer Akehurst Homes has secured a £19m revolving credit facility (RCF) from Paragon Bank to help deliver a mixed-use development on a former poultry site in Lewes, East Sussex.
The project will comprise 52 energy-efficient homes and two commercial buildings providing seven units for local businesses.
The new homes will range from one-bedroom apartments through to four-bedroom family houses, in a mix of terraces, semi-detached and detached properties.
James Lench, director at Akehurst Homes, said: “This is a landmark project for us – not just in terms of size, but in the opportunity it presents to create a well-balanced and energy-conscious community. Lewes is a brilliant location with significant appeal for buyers, and we’re excited to bring forward homes that will truly cater effectively to a wide variety of people and lifestyles. The support from Paragon has been instrumental – the bank understands our vision and back our ambition to grow in a considered, sustainable way.”
Toby Burgess, relationship director at Paragon Bank, added: “Akehurst Homes is a developer with a clear sense of purpose and a strong track record of delivery. This development ticks all the right boxes – a strong local need, a thoughtful housing mix and an emphasis on quality and energy performance. We’re pleased to work closely with the team on this second deal, following supporting them on their New Romney development, which is now at practical completion and selling well. We hope to support their growth on more innovative developments in future.”
