Hestia Real Estate

Housing developer, Hestia Real Estate is boosting its green credentials by building ten new eco-friendly homes, with support from Lloyds Bank.


 Share via LinkedIn  Share via Twitter  Share via Facebook  Share via email

Read time: 5 mins      Added: 30/09/2022

Hestia Real Estate specialises in designing and building bespoke developments across Norfolk, using high quality materials with sustainable benefits.

Founded in 2013 by joint directors Ben Morgan and Costa Papadopoullos, the business secured a seven-figure funding package via the Lloyds Bank Clean Growth Finance Initiative (CGFI), which provides discounted lending to help firms invest in sustainable projects.

The business has now broken ground on phase one of its sixth development – Thornberry Grove – in Spooner Row, South Norfolk. Using the support from Lloyds Bank, each home will include air source heat pumps, low-energy lighting and high-performing insulation designed to reduce each property’s carbon-footprint.


Hestia Real Estate Image

This first phase of development will include the build of five five-bedroom and two four-bedroom homes and is due to complete in the summer of 2023. The final phase will see three additional properties and will finish in 2024. Local contractors are being employed throughout the development, creating 11 full-time jobs for the duration of the build.

Ben Morgan, joint director of Hestia Real Estate, said: “We’ve always taken sustainability seriously when it comes to our business. With our latest development, we worked closely with our architect and EPC advisor to make sure we could design our homes to not only appeal aesthetically to modern homebuyers, but also be as energy efficient as possible.

“We’ve worked with Lloyds Bank since our second development six years ago and try to include sustainable measures where possible. The support we’ve received has been incredibly important to the development of Thornberry Grove and we’re looking forward to continuing building this relationship for years to come.” 

Debbie Whitear, relationship manager at Lloyds Bank, said: “Hestia Real Estate is an excellent example of a local business looking to use high-quality products and local contractors while remaining sustainable. 

“To see businesses like this focus on their long-term goals and understand the importance of the road to Net Zero is extremely encouraging and something we want to see more of in the future. Firms across the region are looking ahead with optimism and we’ll remain by their side to help them reach their own ambitions and grasp any upcoming opportunities.”

Clean Growth Financing Initiative

From small improvements in environmental impact, right through to large-scale renewable energy infrastructure our Clean Growth Financing Initiative can help.

Sustainability Hub

Supporting UK businesses transition to low-carbon, sustainable business models and operations to pursue new clean growth opportunities.

Real Estate specialists

Our accredited property specialists are experienced in supporting the needs of real estate businesses and are committed to supporting the UK’s transition to a low-carbon economy.

Important legal information

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc, Lloyds Bank Corporate Markets plc and Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH.

Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is a wholly-owned subsidiary of Lloyds Bank Corporate Markets plc. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH has its registered office at Thurn-und-Taxis Platz 6, 60313 Frankfurt, Germany. The company is registered with the Amtsgericht Frankfurt am Main, HRB 111650. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.

While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.