Close Brothers Property Finance supports completion of Mulberry Homes’ landmark £120m Kingsbury Park development

Long-standing partnership delivers more than 1,000 new homes

Delivered between 2018 and 2026, the Kingsbury Park development in Leicestershire has provided 288 new homes and helped create a thriving new community in the area. The project also takes the total number of homes financed by Close Brothers Property Finance for Mulberry Homes to more than 1,000 across 23 developments.

Over a relationship spanning more than 12 years, Close Brothers Property Finance has supported Mulberry Homes on projects ranging from smaller developments of 22 homes through to large, multi-phase schemes.

A partnership built on trust and long-term support

The successful delivery of Kingsbury Park demonstrates the value of strong partnerships and relationship-led lending, particularly during periods of economic uncertainty and market disruption.

Over the eight-year build programme, Mulberry Homes navigated significant challenges including Brexit, the Covid-19 pandemic and wider economic pressures affecting the UK housing market. Throughout this period, the development remained on track thanks to a phased delivery strategy and close collaboration between lender and developer.

Simon Davey, Business Development Director at Close Brothers Property Finance, said: “Our relationship with Mulberry Homes spans more than a decade and is built on mutual trust, consistent communication and a shared commitment to delivering high-quality housing. In today’s environment, where delivery timelines are longer and market conditions more complex, relationship-led lending has never been more important. We remain committed to supporting established SME housebuilders like Mulberry Homes to bring forward much-needed new homes across the UK.”

Delivering homes and community infrastructure

Kingsbury Park has not only delivered new housing but also the infrastructure and open spaces needed to support a sustainable, long-term community. The phased approach enabled Mulberry Homes to respond effectively to changing market conditions while maintaining quality and ensuring the development continued to meet the needs of local residents.

John Burke, Finance Director at Mulberry Homes, commented:

“Kingsbury Park has experienced both the best and the worst of housing market conditions, but it has proven to be a highly resilient location, with demand remaining steady even during the market's lower ebbs. A phased approach has been vital to allow us to deliver high-quality homes alongside the infrastructure and open spaces needed to create a thriving community. Close Brothers has been a consistent partner from the outset, with a strong understanding of both the scheme and the wider development lifecycle. Their ability to provide flexible, pragmatic support when required has played a key role in helping to keep the project on track and delivering it efficiently.”

Supporting SME housebuilders across the UK

The completion of Kingsbury Park highlights Close Brothers Property Finance’s ongoing commitment to supporting experienced SME housebuilders as they deliver much-needed homes and invest in communities across the UK. Through long-term, relationship-led funding, the business continues to help developers progress schemes of varying scale and complexity, supporting housing delivery in markets across the country.