Principality Commercial is proud to support sustainable, eco-friendly projects, such as this carbon negative housing development in Aberdare. The bungalow, constructed by Rosey Developments, has made use of a variety of sustainable materials to reduce it's carbon footprint.
The three bedroom residential development has a variety of environmentally friendly features, including carbon negative hempcrete walls, roof made from recycled plastic 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 summer 2019.
The initiative supports the Welsh Government's decarbonisation strategy which aims to reduce carbon footprint in Wales by 80% by 2050.
“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 healthier, internal environment by eliminating problems associated with traditional building materials - particularly by damp mitigation through breathabilit. 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."
David Naydorf, Director at Rosey Developments
Rosey Developments, an existing borrower of the Society, approached us to fund the construction of a carbon neutral bungalow unit in Aberdare as a 'proof of concept' development to confirm that this type of housing can be delivered economically. The Society provided funding secured against an existing investment portfolio which allowed us to fund 100% of the costs of the scheme, through to completion.
“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 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.”
Chad Griffiths, Relationship Manager at Principality Building Society
Click below to take look at some of the projects we've arranged finance for across Residential, Industrial and Affordable Housing.
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