Paragon funding facilitates 78 environmentally friendly townhouses 

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  • Finance: £15.9 million
  • Location: Glasgow, Scotland
  • Units: 78 townhouses  
  • Paragon Deal Team: Relationship Director Toby Burgess and Portfolio Manager Joshua Mann

PfP igloo and the Housing Growth Partnership have launched to a joint venture to deliver sustainable homes across regional city communities throughout the UK, including Dundashill in Glasgow.  

A new creative and urban adventure neighbourhood. Dundashill is a former distillery site of approximately 27 acres located in the Port Dundas area immediately north of the city centre.

The joint venture secured a £15.9 million finance package from Paragon to develop 78 environmentally friendly townhouses as part of the Dundashill development.

The completed townhouses will be highly sustainable across the design, using modular construction and materials sourced from the local area.

The funding was led on behalf of Paragon by Relationship Director Toby Burgess and Relationship Manager Joshua Mann.

“Paragon is proud to support the first phase of Dundashill’s regeneration providing 78 energy efficient houses. This innovative project reflects Paragon’s commitment to supporting sustainability and we will be keenly following its progress in the months ahead. This is our first deal supporting PfP igloo and HGP and we have been hugely impressed with their attention to detail and passion for regeneration – we hope it is the first of many.”

Toby Burgess, Paragon Bank Relationship Manager

“Dundashill is an excellent example of the low carbon, sustainable homes that should be a blueprint for the UK’s future housing delivery. 

“Connected to local ecology, cycle and walkways and nearby amenities, it will provide residents with an ideal, environmentally friendly lifestyle. I am delighted that Paragon Development Finance shared our vision for Dundashill and I look forward to working with the team as the development continues.”

Peter Connolly, PfP igloo

“We’re very pleased to have secured funding from Paragon for Dundashill, it’s fantastic to be on site with this first scheme which epitomises the qualities of design, sustainability and local impact that are key to HGP’s wider partnership with PfP igloo." 

Rachel Miller, Housing Growth Partnership

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Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551