Gower Homes

Gower Homes

Assetz Capital helped Michael Forgrave of Gower Homes fund the development of 47 new homes in Wrexham.

Assetz Capital helped Michael Forgrave of Gower Homes fund the development of 47 new homes in Wrexham.

Wrexham, Clwyd

The £700k loan was used to develop the initial phases of 47 one, two and three-bedroomed properties in the Wrexham area, 12 of which will become affordable houses, ring-fenced for local house buyers.

Gower Homes has built over 750 houses across Wrexham, North East Wales and Cheshire over the last 24 years. The business specialises in new build homes on brown field sites and sells into the open house/flat buyer market.

604

Investors

£700.0k

Total Borrowed (approx.)

£1,159

Average Amount Lent (approx.

With the help of the Assetz Capital loan (since repaid on schedule from house sales) building work remains underway and Gower homes is providing much needed local housing, plus employment to highly skilled local labourers. The majority of the staff, sub-contractors, suppliers and consultants are located within a 15-mile radius of Wrexham.

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