An investment management company has announced a new £9,000,000 deal to create more than 70 new homes in Bordon. 

Downing LLP, a sustainable investment manager, revealed today that its property finance team is supporting a new client building the homes.

The development will see 56 houses and 22 flats built on land which forms part of a “major” site which has been developed by national housebuilders.

The site in question has not been confirmed by the company, but the deal could be in relation to the Prince Philip Park project. 

The homes built through the deal will be a variety of sizes, being suitable for first-time buyers, families and others. 

Parik Chandra, Partner and Head of Specialist Lending at Downing LLP, said: “We are continuing to grow the portfolio in very tough macro conditions and a competitive market. 

“We remain committed to supporting SME developers in the face of challenging conditions.

“We’re delighted that the houses and flats will be a mixture of styles and sizes, serving a broad range of buyers - from families to first-time buyers.”