Construction of homes on former North Yorkshire quarry site underway
Construction work to transform a former quarry site in North Yorkshire into housing is underway.
Gregory Property Group has started to build several homes in Monk Fryston following a funding deal secured with Assetz Capital.
The site off Abbeystone Way was formerly a quarry owned by the local authority.
The Leeds based developer acquired the site last year and secured planning approval to build nine properties including five four-bedroom detached homes and four three-bedroom town houses.
Andrew Foggitt of Gregory Property Group said: “We are delighted to be able to start on site with this small and very individual cluster of new homes situated in a very attractive residential location and close to amenities on Main Street. All properties at ‘Abbeystone Gardens’ are being built from natural materials in keeping with the local area.
“Selby District Council has recognised a requirement for more housing in the area and we are keen to support this agenda with completion anticipated in the Autumn.”
Stuart Law, CEO at Assetz Capital, said: “It is great to be able to back another quality developer and help deliver much-needed houses. Our specialist team is working on funding thousands of new homes and we look forward to the Government’s forthcoming housing White Paper that we trust will accelerate the process.”
Shulmans acted for Gregory Property Group in formalising the funding deal and Bradford-based Torpoint is contracted to build the houses.
