On International Women’s Day, social impact investor Housing Growth Partnership (HGP) announced that it has entered into a financial investment deal with a women-led property development company in Edinburgh.
HGP have confirmed the deal worth £1.5million in the Whiteburn group. The injection is part of HGP’s new £300million property fund for SME developers and will bring new housing to Fife.
Whiteburn Projects is led by MD Eve McCurrich. Currently, 50% of its employees are women. Ms McCurrich said: “HGP’s investment is timely and will allow us to advance plans for our Viewforth development in Kirkcaldy, Fife, where construction work is underway.
“The development will be built on the grounds of the former Viewforth High School and will include 72 two, three and four bedroom homes as well as 15 affordable properties for residents in need of high quality, contemporary accommodation – and most importantly a place to call. residence.”
Ross Baird, Chief Investment Officer of HGP, added: “Eve is an impressive operator, very focused on delivering a high quality product with a focus on sustainability and open plan living. We are delighted to support Eve and the Whiteburn team in this development and are already exploring other investment opportunities to support their ambitious growth plans.
“On International Women’s Day, it’s great to be able to recognize Eve and the team’s contribution to the industry, and II hope this will inspire even more to follow in the footsteps of Eve and her colleagues in the future.