12 June 2019

Principality Commercial funds eco-friendly housing development

Principality Commercial has taken steps in supporting the green agenda by financing a carbon negative housing development in Aberdare. The bungalow, constructed by Rosey Developments, has made use of a variety of sustainable materials to reduce carbon footprint.

The three bedroom residential development has a variety of environmentally friendly features, including carbon negative hempcrete walls, a roof made from recycled rubber as well as making minimal use of concrete throughout the development. The property, which has been built to a high standard is set to go to market this summer.

The initiative is against a backdrop of the Welsh Government’s policy to reduce carbon footprint in Wales by 80% by 2050. 

Chad Griffiths, Relationship Manager at Principality Building Society said:
“Principality Commercial are pleased to be involved in this carbon negative development which incorporates a host of other eco-friendly features.  Whilst this development itself might seem a small step to reducing the carbon footprint in Wales , if we are to deliver the ambitious agenda it will inevitably require funders to demonstrate some leadership and support. David has been a longstanding client of the Society and we have been pleased to invest the time in helping him deliver his vision.’  

David Naydorf, Director at Rosey Developments said:
“Our aim as developers was to produce a quality product that consumers would love, whilst delivering an environmentally sustainable building. The bungalow helps to reduce carbon footprint and creates a healthier, internal environment by eliminating problems associated with traditional building materials - particularly by damp mitigation through breathability. Homes like this are healthier for both the environment and its occupiers and we are proud to have been supported by Principality Commercial on this development.”

Wales’ largest building society has already evidenced its credentials in supporting environmentally friendly developments across Wales, including financing the ‘Eco Village’ housing development in St Fagans. 

Published: 12/06/2019