Dominvs Group signs £50 million JV with Yorkshire Housebuilder

As part of the deal, Dominvs is earmarking a further £50 million for land acquisition in England’s largest county over the next 12 months, enabling the partnership to deliver on their ambitious expansion plans.

Yorkshire Country Property, the Holme Valley headquartered development company, is currently working on various housing sites and prides itself on its bespoke approach to housebuilding through attention to detail and the craftsmanship of its new homes.

Based in London, Dominvs Group is one of the leading real estate and investment groups in the UK, focusing on the residential and mixed sectors. The JV is part of the Group’s strategic focus to rapidly storm ahead with its best-in-class residential and mixed-use developments outside of London, focusing on the South West, North West, West Midlands, and Yorkshire.

The news follows the Group’s topping out of a brand-new Hampton by Hilton 202-bed hotel in the heart of Bath as well as the launch of a new Social Value Unit following the acquisition of community value consultancy SeerBridge.

This funding injection by Dominvs Group will allow Yorkshire Country Properties and Dominvs to secure and deliver more residential sites and expand its reach across Yorkshire over the next two years.

Stewart Brown, managing director of Yorkshire Country Properties, said: “This investment will enable us to maintain our bespoke and high-quality principles whilst allowing us to grow the business into new markets and areas. Dominvs Group is a great partner, and they recognise our unique potential and ambition to move forward with our ‘bespoke your home’ model to a wider audience. Furthermore, Dominvs is an ambitious, entrepreneurial property group that’s on a fast growth path. It has the in-house expertise to enable us to jointly deliver many more bespoke, quality homes in Yorkshire, and eventually further afield. This deal will take the company to a completely new level. We offer a different service and product to the national housebuilders and are confident we can upscale this successful model with this investment.”

Jay Ahluwalia, senior director of Dominvs Group, said: “We have worked with Yorkshire Country Properties for over two years, and they are a leading residential developer that has a strong reputation for delivering beautiful, bespoke homes across Yorkshire where people want to live. As a business, our strategic focus over the next 12 months is to rapidly expand our investments into Yorkshire and across other regions of the UK, and this deal with YCP is part of that strategy. This joint venture formalises our relationship with the housebuilder and creates a unique proposition in the market, for both customers and those looking to sell land. It will allow us to build on our long-standing relationship and draw on the strengths of both companies.”

Yorkshire Country Properties will also continue to secure funding from Homes England, as it has done on previous sites. The company is currently building houses at Netherthong and Shepley, in the Huddersfield area, with various other sites in its development pipeline.