Hurst & Hurst secures funding for rare New Forest resi scheme

Hurst & Hurst Estates has partnered with Barwood Capital and Close Brothers Property Finance to secure a £13.5m development opportunity in the New Forest National Park. The development will see 46 homes built on a six-acre site, of which 50% will be affordable, providing much-needed housing in an idyllic rural location. The first homes are expected to be ready in the second and third quarters of 2025, with marketing formally commencing in the spring. Barwood Capital will provide all the equity for the project, while Close Brothers is providing the senior debt. Hector Hurst, founder and managing director at Hurst & Hurst Estates, said: “We are very excited to be progressing at speed through the build phase of this landmark site, partnering once more with Barwood. Being the most substantial development allowed in this area of the New Forest in many years, we are thrilled to be able to showcase our quality on such a prestigious stage.”   Image from Hurst & Hurst Estates