Greencore Homes, a pioneering low carbon and energy-efficient housebuilder, has received a significant boost with a £30 million investment from M&G Investments. This infusion of equity capitalizes on Greencore’s momentum and will be primarily utilized for expanding its footprint across the Southeast of England through strategic land acquisitions.
With a steadfast commitment to sustainability, Greencore Homes is on a mission to develop 10,000 homes for rent and sale, aiming to revolutionize the housing industry with its eco-conscious approach. This latest investment builds upon M&G’s initial £15 million backing of the company, positioning Greencore for national prominence in the housebuilding sector.
Greencore’s homes are engineered to achieve a net-zero carbon balance in operation, setting a new standard for environmental responsibility. By incorporating innovative construction methods and materials, such as timber-frame panels insulated with natural substances like hemp and lime, Greencore ensures high energy efficiency and compliance with Passivhaus thermal performance standards.
Jon Di-Stefano, CEO of Greencore Homes, expressed gratitude for M&G’s continued support, emphasizing the investment’s role in advancing the company’s vision of delivering climate-positive homes at scale. The partnership with M&G not only facilitates land procurement but also fosters community development and job creation, aligning with Greencore’s holistic approach to sustainable housing.
Distinguished by its onsite assembly methodology, Greencore stands apart in the modular housebuilding landscape. By establishing local factories and training indigenous workforces, Greencore is poised to replicate its success nationwide, bolstering its capacity to address the housing crisis while minimizing environmental impact.
As Greencore Homes seeks to forge new partnerships to diversify its housing portfolio, the company remains committed to its core values of affordability, sustainability, and social responsibility. Led by industry veteran Jon Di-Stefano, Greencore’s dedicated team is poised to realize its ambitious goals, driven by a shared passion for innovation and positive change.
This latest investment, totaling £45 million from M&G, underscores the commitment of Catalyst—a purpose-led private assets strategy—to supporting visionary enterprises addressing global environmental challenges. Managed by M&G’s Catalyst team, this initiative exemplifies the convergence of financial stewardship and social impact within the private markets.
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By Proptechbuzz
By Ravi Kumar
