Danske Bank supports £3m investment in local housing developments

Belfast and Moira are set to benefit from two new housing developments following a £3m investment by Mayfair Homes NI. The investment has been supported by Danske Bank.

Mayfair Homes NI was established in 2012 and the company has completed several developments in Belfast, Ballyclare, Dundonald and Holywood.

The new Northview Lane development will consist of 18 new houses on the Antrim Road, Belfast. Construction of the detached and semi-detached houses is underway with work set to last 18 months.

A separate development known as The Linen Field in Moira has been under construction for four years. The development will boast 75 new houses when complete, with 30 units still to be built, with support from Danske Bank.

Victoria Patterson, Director at Mayfair Homes NI, said: “We’re investing £1m in the Northview Lane development on the Antrim Road. These four bed properties will be finished to a luxury turnkey specification with video entry systems and chrome finishes throughout.

“Our Linen Fields development has proved very popular and this next phase will offer a wide range of two, three and four bed properties. Ranging from 863 sq. ft right up to 1,520 sq. ft, we feel these houses will appeal to a wide range of buyers.”

She added: “We are an ambitious company and we want to continue to expand our portfolio. We’re actively looking for new sites and look forward to bringing more developments to market.”

Michelle Wilson, Business Manager at Danske Bank, said: “Mayfair Homes NI is in a period of sustained growth with the company’s developments selling well to date. The number of new homes coming to market in Northern Ireland has been in decline for the last three months, so this is welcome news for prospective home buyers.

“Each property is completed to a high standard and these new developments will continue to help meet the demand for new housing.”

HNH Group acted on behalf of Mayfair Homes NI to secure the funding.

Fiona King, Corporate Finance at HNH, said: “We are delighted to have secured a significant investment for our client and the support of Danske Bank will ensure the company is able to build top quality affordable homes in high demand areas.”