Dominus Real Estate has entered a partnership with regional housebuilder Yorkshire Country Properties to invest in a new £9.5 million residential development of 31 one to four-bedroom natural stone homes, including starter homes and family houses, located in the village of Shepley in West Yorkshire.

The investment and partnership in Yorkshire is part of Dominus’s strategy to diversify into the residential market over the next five years which includes seeking real estate opportunities beyond its London heartland and looking at private residential, student, retirement, build-to-rent and joint venture opportunities around the UK.

Under the terms of the new partnership, Dominus Real Estate and Yorkshire Country Properties will benefit from the revenue generated by sales, and Dominus Real Estate will have the option to join in later phases of the new Shepley development as an extension to this joint venture. The Dominus Real Estate investment will provide for land purchase and other costs, alongside Homes England funding support on construction costs. Land purchase and construction costs will have a combined value approaching £7 million.

Located just 36 miles from Manchester, the new Yorkshire Country Properties development will deliver a collection of high-quality homes that will complement their surroundings, designed to provide a fusion of local architectural vernacular and contemporary features with natural stone facades. The cottages and houses at Shepley will range in size from 480 sqft up to 2,200 sqft with prices anticipated to start from £115,000 for a starter home. Market launch is planned for early 2021.

Led by Managing Director Stewart Brown, a developer with over 25 years of experience in the local marketplace, Yorkshire Country Properties has a reputation for fine building in and around the Holme Valley. Deynebrook in the village of Netherthong is another successful example of their portfolio with 68% now forward sold and the first phase release effectively sold out.

Husnell Ahluwalia, Director of Dominus Real Estate says:

Dominus Real Estate is delighted to announce our new partnership Yorkshire Country Properties. High quality, competitively priced homes in the regional Yorkshire housing market continue to sell well and our partner benefits from extensive local knowledge and has a strong reputation evidenced by strong forward sales on their various projects.

Stewart Brown, Managing Director of Yorkshire Country Properties says: “Our new partnership with Dominus Real Estate will provide our company with powerful financial backing and the opportunity to accelerate our business plan and become a leading regional housebuilder. Dominus’s experience of the highly competitive London market will provide us with very useful insights on the latest trends in specification and interior design.”