The Government recently announced new permitted development rights coming into force on 1 August which will allow the construction of up to two storeys above existing buildings to create new homes. CrowdProperty's Airspace Development Finance product is made for such projects.
Our Airspace Development Finance product enables SME developers to pursue ambitious and creative opportunities by unlocking the potential development space above existing buildings in desirable locations. Airspace development projects are an innovative solution to the UK’s housing crisis, often using methods at the cutting edge of construction such as modular structures. We have successfully funded projects using this novel approach, including using modular construction methods, and expect this market to grow in order to deliver much-needed housing supply.
Hear more about how we funded a modular penthouse development over an existing building in London in the video case study below:
We would welcome the opportunity to discuss your next development project, apply for property project finance in just 5 minutes at www.crowdproperty.com/apply.