Latest news with #AvantHomes
Yahoo
4 days ago
- Business
- Yahoo
Elliott-owned housebuilder Avant clinches deal with lenders
A major British housebuilder owned by the prominent investor Elliott Management has clinched a refinancing deal with its lenders amid growing financial pressure on the industry over cladding-related liabilities. Sky News has learnt that Avant Homes, which has been owned by Elliott since 2021, has reached an agreement with a syndicate of lenders to provide additional financial headroom to the company. Details of the refinancing were unclear on Tuesday, although a source close to Elliott insisted that it had not committed any new capital to Avant as part of it. Avant sold more than 1,750 homes in the year to 30 June 2023, the last for which results are available, and recorded revenue of almost £500m. However, in recent months there has been growing industry speculation about the company's financial health as cladding-related exposures hit housebuilders across the industry. In recent weeks, investment bankers have been canvassing interest from rival housebuilders about a takeover of Avant, although sources close to Elliott and Avant denied that any such process was being conducted on their behalf. Avant is chaired by Jeff Fairburn, who left Persimmon in 2018 amid a City outcry over his vast pay package. Elliott's deal to buy Avant was engineered through Berkeley DeVeer, in which it was already a shareholder. Last year, Sky News revealed that Avant had tabled an offer to acquire the London-listed housebuilder Crest Nicholson, although the proposal was ultimately unsuccessful. Avant and Elliott both declined to comment.
Sky News
4 days ago
- Business
- Sky News
Elliott-owned housebuilder Avant clinches deal with lenders
A major British housebuilder owned by the prominent investor Elliott Management has clinched a refinancing deal with its lenders amid growing financial pressure on the industry over cladding-related liabilities. Sky News has learnt that Avant Homes, which has been owned by Elliott since 2021, has reached agreement with a syndicate of lenders to provide additional financial headroom to the company. Details of the refinancing were unclear on Tuesday, although a source close to Elliott insisted that it had not committed any new capital to Avant as part of it. Avant sold more than 1,750 homes in the year to 30 June 2023, the last for which results are available, and recorded revenue of almost £500m. However, in recent months there has been growing industry speculation about the company's financial health as cladding-related exposures hit housebuilders across the industry. In recent weeks, investment bankers have been canvassing interest from rival housebuilders about a takeover of Avant, although sources close to Elliott and Avant denied that any such process was being conducted on their behalf. Avant is chaired by Jeff Fairburn, who left Persimmon in 2018 amid a City outcry over his vast pay package. Elliott's deal to buy Avant was engineered through Berkeley DeVeer, in which it was already a shareholder. Last year, Sky News revealed that Avant had tabled an offer to acquire the London-listed housebuilder Crest Nicholson, although the proposal was ultimately unsuccessful.
Scotsman
09-07-2025
- Entertainment
- Scotsman
Brits' top six BBQ icks revealed
BBQ buzzkills - a survey by Avant Homes has revealed Brits' secret BBQ icks With BBQ season well underway, it's not just sausages feeling the heat. Brits are increasingly frustrated by bugs, bland banter and badly chosen tunes. From gorgeous Georgian town houses to jaw-dropping penthouses, converted campervans to bargain boltholes. Take a peek at the finest homes across the UK. Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... A new survey of 2,000 Brits by housebuilder Avant Homes has revealed what's secretly really grinding people's gears when it comes to outdoor grilling parties. Number 1: Major buzzkill When asked what, other than burnt or undercooked food, their most secretly disliked things about BBQs are, nearly half (46 per cent) of Brits said too many flies and wasps at an outdoor gathering top their list of BBQ icks. Advertisement Hide Ad Advertisement Hide Ad These pesky gate crashers have officially earned the title of Britain's most unwelcome BBQ guests, but it's not just bugs that are causing the BBQ blues. Number 2: Bore off! Nearly a quarter (22 per cent) of people admitted that boring company can put a real dampner on the day, suggesting that the guest list is just as important as what's on the grill. Number 3: Hot grills, cold guests While the flames may be roaring, one in five Brits (20 per cent) said a lack of outdoor heating when it gets cold is their main reason to get annoyed at a BBQ party. Number 4: Thirsty work A further one in five Brits said warm drinks were a major mood killer because no one wants a lukewarm cider, tepid rosé or room temperature soft drink in the sun. Number 5. Bad beats Advertisement Hide Ad Advertisement Hide Ad One in six (16 per cent) said a poor choice in music was their top secretly held dislike – giving a clear sign that curating the perfect BBQ playlist isn't just a nice thing to do, it's a necessity. Number 6: Pesky pets Pets aren't off the hook either. One in seven Brits (14 per cent) said fluffy friends begging for food are their top dislike suggesting BBQs might be better off as a pet free zone. Interestingly, though, not everyone is so easily bothered. A chill 13 per cent said they don't have any secret BBQ dislikes at all, proving some Brits are just happy to be there, bugs and all. Top tips Commenting on the findings, Avant Homes group marketing manager, Louise Lawrence Flynn, said: 'BBQs are one of the joys of British summertime, but our survey shows that getting the setting right really matters. People want to feel comfortable, welcome and able to enjoy the moment without distractions. Advertisement Hide Ad Advertisement Hide Ad 'That's why we focus on creating homes with outdoor and indoor spaces that are both sociable and practical giving people the freedom to host however they like. Our survey provides useful tips on what to do, and what not to do, to make your BBQ party be remembered for all the right reasons.' For more information on Avant Homes visit
Scotsman
09-07-2025
- Entertainment
- Scotsman
Brits' top six BBQ icks revealed
BBQ buzzkills - a survey by Avant Homes has revealed Brits' secret BBQ icks With BBQ season well underway, it's not just sausages feeling the heat. Brits are increasingly frustrated by bugs, bland banter and badly chosen tunes. From gorgeous Georgian town houses to jaw-dropping penthouses, converted campervans to bargain boltholes. Take a peek at the finest homes across the UK. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... A new survey of 2,000 Brits by housebuilder Avant Homes has revealed what's secretly really grinding people's gears when it comes to outdoor grilling parties. Number 1: Major buzzkill When asked what, other than burnt or undercooked food, their most secretly disliked things about BBQs are, nearly half (46 per cent) of Brits said too many flies and wasps at an outdoor gathering top their list of BBQ icks. Advertisement Hide Ad Advertisement Hide Ad These pesky gate crashers have officially earned the title of Britain's most unwelcome BBQ guests, but it's not just bugs that are causing the BBQ blues. Number 2: Bore off! Nearly a quarter (22 per cent) of people admitted that boring company can put a real dampner on the day, suggesting that the guest list is just as important as what's on the grill. Number 3: Hot grills, cold guests While the flames may be roaring, one in five Brits (20 per cent) said a lack of outdoor heating when it gets cold is their main reason to get annoyed at a BBQ party. Number 4: Thirsty work A further one in five Brits said warm drinks were a major mood killer because no one wants a lukewarm cider, tepid rosé or room temperature soft drink in the sun. Number 5. Bad beats Advertisement Hide Ad Advertisement Hide Ad One in six (16 per cent) said a poor choice in music was their top secretly held dislike – giving a clear sign that curating the perfect BBQ playlist isn't just a nice thing to do, it's a necessity. Number 6: Pesky pets Pets aren't off the hook either. One in seven Brits (14 per cent) said fluffy friends begging for food are their top dislike suggesting BBQs might be better off as a pet free zone. Interestingly, though, not everyone is so easily bothered. A chill 13 per cent said they don't have any secret BBQ dislikes at all, proving some Brits are just happy to be there, bugs and all. Top tips Commenting on the findings, Avant Homes group marketing manager, Louise Lawrence Flynn, said: 'BBQs are one of the joys of British summertime, but our survey shows that getting the setting right really matters. People want to feel comfortable, welcome and able to enjoy the moment without distractions. Advertisement Hide Ad Advertisement Hide Ad 'That's why we focus on creating homes with outdoor and indoor spaces that are both sociable and practical giving people the freedom to host however they like. Our survey provides useful tips on what to do, and what not to do, to make your BBQ party be remembered for all the right reasons.'
Daily Record
16-06-2025
- Business
- Daily Record
North Lanarkshire Council agreed in principle to more housing in Gartcosh and Glenboig
The council received a planning application from Persimmon Homes, Avant Homes and the Lamont Family Planning seeking permission in principle for residential development at Heathfield Farm in Muirhead North Lanarkshire Council's planning committee has agreed in principle to more housing being built in the Gartcosh/Glenboig community growth area. The council received a planning application from Persimmon Homes, Avant Homes and the Lamont Family Planning seeking permission in principle for residential development at Heathfield Farm in Muirhead. The applicant has already had two other developments totalling around 1,000 houses at nearby plots of land and work on these is underway. This new application could see another 400 homes constructed. As the land is part of the designated community growth area where the council wishes to see around 3,000 new homes constructed, planning officers reporting to the committee recommended approval subject to a list of 26 conditions, with the permission in principle to remain in place for a period of ten years, an extension of the usual five years due to the complexity of the site. Download the Lanarkshire Live app today The Lanarkshire Live app is available to download now. Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire's recovery from the coronavirus pandemic – straight to your fingertips, 24/7. The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you. Head to the App Store and never miss a beat in Lanarkshire - iOS - Android A legal agreement covering financial contributions towards infrastructure and education provision will also have to be drawn up before the formal decision notice is awarded. Conditions attached to the permission address a variety of issues, including the arrangements to mitigate the impact of construction, the amount of affordable housing to be included in the development and provision of play facilities for children who would live at the new housing. During consultation a total of eight objections were received from four addresses, raising points about traffic, issues with documentation, underground gas and flooding. However the roads department noted that the developers will pay £933 per unit of housing towards roads improvements and other upgrades are already planned. Council officials also reports that the issues with documentation concerning a commercial yard in the area will be assessed when a detailed layout of the housing is available, and concerns about underground gas and flooding risks can be resolved through site investigations and conditions attached to the planning permission. The committee unanimously agreed with the recommendations in the report, awarding planning permission in principle subject to the listed conditions and legal agreement.
