3West Group
Independent housebuilder of high-specification homes in South West England.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | £9.0m | Debt | |
| Total Funding | 000k | ||
3West Group is a privately owned housebuilder founded in January 2021 by James Fowler and Colin Palmer, specializing in new build residential developments in South West England. The company focuses on constructing high-quality, high-specification homes in prime locations, with an emphasis on customer experience and build quality. Their business model involves acquiring land, developing residential properties, and selling them to homebuyers. 3West offers various purchasing assistance programs, including 'Easy Move', 'Deposit Assist', and a 'Key Worker Discount'.
Co-founder James Fowler, a third-generation property developer, transitioned to the sector after a successful career in finance, where he co-founded and managed the award-winning quantitative hedge fund, Quantmetrics Capital Management. His background includes a Masters degree in Engineering from Oxford University. Co-founder Colin Palmer has extensive experience in the new build sector, having operated at the Managing Director level for 15 years and established two new house building businesses in the South West. His developments have won national awards for quality, and he also serves as the Chair of the Housebuilders Federation (HBF) for the South West.
The firm is actively developing several projects, notably the multi-phase 'Goodmores' development in Exmouth, which features a mix of two, three, and four-bedroom houses. The total gross development value for the first three phases of this project is approximately £90 million. Recent financing includes a £9 million revolving credit facility from Paragon Bank to fund the construction of 71 homes in the latest phase, which focuses on energy efficiency with features like EV charging points and high EPC ratings.
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