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.
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.
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.”
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