Zorin Finance is delighted to announce that our clients Pillar Land Securities Collaton Park Limited (A joint venture between Pillar Land Securities and Coln Signature Homes) has won another prestigious award at the 2024 Michelmores Property Awards.
Collaton Park received the award for Masterplanning for the Future and is the 4th prestigious award this development has won in the past 12 months. Judges commended the scheme’s comprehensive inclusion of the local community, the innovative affordable housing tenure through the new housing strategy “A Different Approach” (a partnership with the Newton and Noss Community Land Trust) that included 46% affordable housing, a market housing offer tailored to the community, low carbon methods of construction, biodiversity gains, allotment and orchards that featured with a beautiful parkland and parkland café with community facilities.
The judges also noted how the scheme of 125 homes brought additional sustainable elements to the forefront. Having already been praised in the 2023 Planning Awards for its transformation of a former RAF base wasteland into affordable housing, the Michelmores judging panel was impressed with the inclusion of PV, EV charging points and air source heat pumps for every home.
Speaking at the awards Director of Collaton Park and founder of “A Different Approach” Richard Pillar thanked the community for its support, the community land trust for all their hard work and efforts as joint applicants and South Hams District Council for their trust in approving such a wide-ranging innovative housing solution.
Tim Phillips, Lending Director at Zorin Finance, adds “This is an extremely exciting scheme that Zorin is delighted to be funding. With the borrowers placing the local community and sustainability at the heart of their development, we look forward to the development being realised and enjoying a long and fruitful relationship with these extremely experienced and well regarded developers.”
Owner and MD of Coln Signature Homes Roger Brennan commented after the awards, “We are delighted to receive this award in recognition of our team’s expansive efforts in consultation and high quality design for Collaton Park. We have wasted no time in getting underway with first occupations programmed for mid 2025.
All parties involved in the development are proud that the scheme has been once again recognised for its innovative “A Different Approach” strategy for affordable and exceptional residential planning and place making. We look forward to continuing to bring this site forward for the local community and interested purchasers.