About Middleton Waters
Middleton Waters is the second residential development scheme offered by GCV and delivered by Homes by Carlton, providing investors an opportunity to invest in the purchase of a single residential development site in Middleton St George, County Durham for development and sale of 50 residential units.
Homes by Carlton (MSTG1 DevCo) Limited (“DevCo”), a special purpose vehicle, has been setup to co-invest and develop the 50 high quality family homes.
GCV raise £0.9 million of equity investment to co-invest alongside a specialist institutional investor and the senior debt provider.
This investment opportunity will allow each investor to participate in this residential development scheme (the “Project”) and share in the development profit.
The site is located in the North East of England within the desirable area between Yarm (five miles east) and Darlington (six miles west) within the large village of Middleton St George. The site was acquired with the benefit of detailed planning consent and the Project is targeting a base case 1.5x multiple on money return.