We are proud to have advised the Development Bank of Wales on its largest ever investment of £17.5 million to fund the build of 114 new homes in Tonyrefail.
This ambitious project, which is also supported by £7 million in Welsh Government grants, will deliver 114 highly energy-efficient homes, helping to meet the growing demand for sustainable housing in South Wales. As Wales’ largest law firm, we’re delighted to have played a role in advising on a project that brings both environmental and economic benefits to the local community.
Our Commercial Property, Construction and Banking teams worked closely with the Development Bank of Wales, providing expert legal guidance throughout the process. The scheme, which forms part of the Welsh Government’s Innovative Housing Programme, will see homes built using modern construction methods and sustainable technologies, including solar panels, ground source heat pumps and communal battery storage.
Led by Associate Gabrielle Marshall, our legal team included Emily Davies, Rowena Downie, Matthew Stevens and Peter Hurn.
Gabrielle Marshall, Associate in our Commercial Property team, said:
“I am proud to have supported Development Bank of Wales on this brilliant project delivering 114 low carbon homes for South Wales. These are the kind of projects that demonstrate how smart, sustainable investment can make a real impact.”
The development at Parc Eirin will offer a range of 81 two and three-bedroom homes, along with 33 one-bedroom flats split for sale and rent across the open market and social rentals. The major low carbon mixed-tenure residential development project by Tirion Homes has already begun, with contractor Morganstone aiming to complete the build by the end of 2027.
Nicola Crocker, Property Fund Manager at Development Bank of Wales, said:
“We were delighted to work with the team at Hugh James on our largest ever investment. It has been a great team effort that demonstrates our ability to deliver a range of tailored finance options to bring forward home ownership in Wales and we are grateful to everyone involved.”
