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JB1 Properties
West Bromwich-based JB1 Properties has secured a £2.1m loan from Lloyds to support phase two of its residential development on Mounts Road in Wednesbury, delivering 28 new apartments.
Read time: 3 mins Added: 26/08/26
Strategic land banking
JB1 Properties is a property development business, part of the wider JB1 Group, founded in 2009, which also includes a construction and groundworks business as well as a plant hire operation for commercial clients. Over time, the directors began building a land bank and increasingly focused on growing the residential side of the business.
Jaskaran Singh CEO of JB1 PropertiesThis site has been one of our most challenging projects because of the work needed to remediate it properly before we could build. Lloyds has supported us from the very start with advice, finance and a team that understands our wider group, and that backing has helped us move from phase one into phase two with confidence. Now, we’re looking to grow our residential development arm of the wider group business even more and use this experience to unlock further complex sites for much needed housing.
Delivering large scale brownfield regeneration
The Mounts Road scheme reflects that shift. The brownfield site required significant remediation works before construction could begin. Preparing the highly challenging site involved extensive engineering and groundwork, including addressing 12 former mine shafts, removing asbestos, and clearing other contaminants to prepare the land for redevelopment. Up to 60 people have worked on the project at any one time, demonstrating JB1’s positive impact on local employment as well as tackling housing shortages.
David Marlow Relationship Director, Lloyds Commercial BankingJB1 Properties is taking on a complex brownfield regeneration project and turning it into much-needed new housing for the local area. The team has shown real capability in managing the remediation and delivery challenges, and we’re pleased to support the next phase of growth with further financing as the scheme continues.
From brownfield site to sustainable new homes
The phase two facility builds on Lloyds’ existing backing for the wider scheme. JB1 Properties previously received a £2.8m development loan through Lloyds’ Clean Growth Financing Initiative (CGFI) to help finance construction of 17 houses on the same site. JB1 Properties says sales have now been agreed or completed on 13 houses to date, providing a platform for the business to continue investing in the next stage of delivery. The development also includes sustainability measures such as solar panels and energy-efficient lighting.
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