PE-backed housebuilder lodges plans for its first development in Yorkshire

Sheffield-based housebuilder, Honey, has submitted plans to deliver a £23.5m development comprising 95 two, three and four-bedroom homes on Barnburgh Lane, Barnsley.

Called Iris, if planning is granted the eight-acre development will be the Sheffield-based housebuilding company’s first in Yorkshire since launching last October.

Honey was founded by former Avant Homes chief executive officer and Sheffield native, Mark Mitchell.

The company is being funded by private equity firm Alchemy Partners via its Alchemy Special Opportunities Fund IV which has £937m of fully committed capital.

At the start of this year, Honey revealed it had submitted its first planning application to build a £14m, 50-home development in South Normanton, Derbyshire.

If given the go ahead by Barnsley Metropolitan Borough Council, work at Iris is anticipated to start in June with the first residents expected to move into their new homes in the first quarter of next year.

Mitchell, said: “It’s a great feeling to have submitted plans for our first development in Yorkshire. We have started the year at pace with two planning applications and have more in the pipeline.

“All the homes at Iris will benefit from our proprietary combination of style, substance and sustainability. All our housetypes have been painstakingly designed to provide buyers with high quality, high specification properties that suit today’s lifestyles.

“We now look forward to Barnsley Metropolitan Borough Council considering our plans to deliver much needed new homes for the residents of Barnburgh and surrounding areas.”