Mac Mic Group signs joint venture deal with Bournemouth-based Stonehaven Homes
Fourth-generation family-owned UK Land and property company Mac Mic Group have partnered with Stonehaven Homes on a development of 37 stylish new apartments in the seaside town of Bournemouth on the Dorset coast.
The new 4-storey scheme of 1- and 2-bedroom apartments in the Westcliff conservation area close to Bournemouth town centre and its popular beaches will be delivered in partnership with Stonehaven Homes.
The consented development will be built on the site of the former Lyndon Court Hotel. The demolition of the hotel is imminent with building works scheduled to commence before the end of the calendar year.
Following the sale of the company’s homebuilding division in June 2022 to Springfield Properties Plc, Mac Mic Group has focused on its future investment strategy- enhancing its private rented sector portfolio, expanding its strategic land ambitions, and pursuing joint venture development opportunities across the UK.
Ross Mickel, Director at Mac Mic Group said:
“Since the company was first established in 1925, we have adapted as circumstances around us have changed. We remain strongly focused on delivering living spaces and communities where people can enjoy the best quality of life.
“However, we have seen how the property market is changing and our strong capitalised base and liquidity gives us the resources to invest in new opportunities. We are engaging in new partnerships to deliver high-quality homes for sale or rent in desirable locations across the UK.
“While the Group has been active south of the border from a Strategic Land perceptive for almost 15 years, this new joint venture project in Bournemouth with Stonehaven Homes marks an exciting regional expansion of our Developments division.
“We are all about building and maintaining strong relationships with our partners and we’d like to thank Hallcroft Finance for the intro to Steve and the team at Stonehaven.”
Stonehaven Homes has a track record of 20+ years in the construction industry. Stonehaven has focused the last decade on residential property development with its projects ranging from starter-homes and apartments to the more luxurious end of the market.
Stonehaven is renowned for its ability to identify a potentially successful development site and in turn build-out to a high-standard across the board. Stonehaven is extremely well-versed in all aspects of development, from acquisition of sites to conveyancing, planning solutions, instructing professionals, interior design, establishing demand and sales.
Steve Beales, Managing Director, Stonehaven Homes said:
"My Stonehaven team and I are delighted to find a like-minded, Industry experienced joint-venture partner in Ross and the Mac Mic Group team.
"We are excited about delivering new, quality homes to Bournemouth, Poole, and wider field locations along the south coast.
"While Stonehaven is working on the number of new planning applications, we will now strive to enhance and build on the great relationship already forged within Mac Mic Group in delivering residential and commercial projects with the internal appetite to invest combined resources in our quest to deliver much-needed developments now and in the future."
