Residential builder, Dunlop Homes is set to build a new housing development in Comber consisting of 37 homes following a £1.5m investment supported by Danske Bank.
Dunlop Homes is a family run business that has been operating for four generations. The company has already completed and sold a number of homes in the first phase of the final stage of the very successful Mill Village development, offering a variety of luxury homes on a 10 acre site. Phase three is due to commence in the New Year and be completed in the next 18 months.
David Dunlop, Managing Director at Dunlop Homes said: “This is an exciting time for Dunlop Homes. We were actively seeking funding for the development and it was Danske Bank that we felt were able to best meet our needs.
“Our houses in phase one have proved hugely popular, showing there is a demand for this type of new property in the North Down area, The second phase of this residential development will consist of three pairs of semi-detached and four detached homes finished to the highest standards.”
Mr Dunlop highlighted the support of Danske: “We have been banking with Danske for over 40 years and they have been hugely supportive. As well as significant financial support, the knowledge and expertise they have shared with us has been instrumental in securing a third phase of development at The Mill Village site.”
David Croft, Senior Business Manager at Danske Bank, commented: “The Dunlops were in a position to buy and sell properties throughout the residential property downturn, a testament to their knowledge of their market, and prudent approach to business. We have been working closely with them for some time to help them secure this land.
“The building sector is steadily recovering after a number of difficult years, and at Danske Bank we welcome the opportunity to support residential house builders with working capital finance. A recent report by theConstruction Employers Federation (CEF) warned that a shortfall in the number of houses being built could lead to another property bubble, so this type of development is a good news story for the economy.”
