A poultry site is being transformed into a 52 homes and commercial space in Lewes, East Sussex.
The development comes from South East developer Akehurst Homes with help from a £19 million facility from the lender Paragon.
Homes will range from one-bedroom apartments to four-bedroom family houses, in a mix of terraces, semi-detached and detached properties. The aim is for the properties to have an EPC rating above B.
Toby Burgess, relationship director at Paragon Bank, said: “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.”
Situated at the front of the site, the additional two commercial buildings housing seven units are intended to attract local businesses.
The units will have classification E usage – covering shops, offices, gyms, restaurants, workshops and other types of commercial buildings – which will complement the new housing development.
James Lench, director, 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.”
Akehurst Homes currently has one active development in New Romney, Kent, where homes are progressing through final build stages and into sales.