Restoration of former Barracks by Bourne Homes

Close Brothers Property Finance provided long-standing client Bourne Homes with senior debt development loan of £5.4m to support the development of 33 one and two-bedroom apartments at Officers Park, Mindenhurst, Surrey.

Bourne Homes, a Farnham-based, family-run housebuilder, has a strong reputation for delivering high-quality homes across the South East. Close Brothers Property Finance has supported Bourne Homes with development finance since 2011, supporting its growth ambitions through a partnership built on trust, consistency and deep understanding of the market.

Over the course of the lending relationship, Close Brothers Property Finance has funded approximately 120 homes for Bourne Homes across 13 development finance facilities, totalling more than £30m. This long-standing track record reflects the strength of our relationship banking approach, providing responsive, collaborative support that enables developers to progress schemes with confidence, even as market conditions evolve.

Officers Park is located within the former Princess Royal Barracks, occupying a secluded three-acre estate surrounded by exquisite mature woodland. The development includes the restoration and redevelopment of the art deco former “Officer’s Mess”, which resembles a historic manor house in both size and grandeur. The sensitive restoration has retained and restored original features, such as the parquet flooring and fitted new sash windows throughout. 

The redesign has paid tribute to the site’s unique heritage as the training centre and home of British Military Officers, while bringing forward stunning, high-specification apartments designed to meet local demand. From the outset, Bourne Homes approached the scheme with a clear objective: to deliver sensitively designed homes that respect the setting and create a unique place to call home.

The homes have been finished to a very high standard, with sweeping high ceilings, stunning views across the parklands and large and spacious living dining rooms in each of the newly configured apartments. The result is a development that combines the character of a truly historic location with the comfort and practicality required by today’s home buyers. 

Positioned close to Deepcut village, Officers Park benefits from excellent connectivity, with convenient transport links to central London and Heathrow Airport, as well as local amenities and access to natural surroundings. The location, coupled with the quality of the product, supported strong market interest from launch.

Works were completed in October 2025 and 75% of the new homes were sold within eight month, demonstrating the strength of demand for these well-designed and unique apartments in a well-connected Surrey location. 

Throughout the project, Close Brothers Property Finance worked closely with Bourne Homes, providing a pragmatic and supportive development funding approach designed around the needs of the development and its timeline. 

Andrew Kamm, Director of Bourne Homes, said “Close Brothers Property Finance has been a collaborative funding partner for 15 years and 13 developments to date. Lee Daniel and the wider team bring a strong understanding of our business which, alongside deep market expertise, has been instrumental in helping us deliver schemes such as Officers Park and in supporting our long-term growth.”

Lee Daniel, Business Development Director at Close Brothers Property Finance added “Having worked with Bourne Homes for more than 15 years, it has been a privilege to support their journey and to help bring high‑quality developments like Officers Park to life. Our relationship is built on trust, transparency and a shared commitment to delivering exceptional homes, and this latest scheme is a testament to their vision and craftsmanship. 

We are incredibly proud to be a long-standing funding partner to their business, supporting them for over 15 years, and I look forward to continuing our relationship as they grow and deliver future projects across the region.” Lee Daniel, Business Development Director, Close Brothers Property Finance.”

Officers Park is another example of how Close Brothers Property Finance supports experienced, quality-focused developers, combining specialist expertise with relationship-led delivery to help bring much-needed homes to market. Close Brothers Property Finance has been providing property development finance for SME housebuilders for over 50 years and is the largest and most experienced funder within the sector. 

Contact Lee Daniel on 07809594780 to discuss your finance needs or for more information.