Westbrooke Associates backs Burhill Meadows bond tied to Surrey housing plan

Westbrooke Associates has been named official agent for a bond linked to Castlemere Developments’ Burhill Meadows scheme in Hersham, Surrey. The project targets roughly 82 homes, half of them affordable, and could reshape a previously developed Green Belt site if planning approval is secured.

Why it matters: - The Burhill Meadows project ties a fixed-income investment offer to a residential planning scheme in an area with strong housing demand. - The proposal could add about 82 homes in Hersham, including around 50% affordable housing, on land already classed as previously developed. - Castlemere Developments is positioning the site for sale to a housebuilder after planning approval, so the bond depends on the value uplift from consent rather than direct build-out.

What happened: - Westbrooke Associates has been appointed official agent for the Burhill Meadows investment opportunity. - The opportunity gives eligible investors access to a bond linked to Castlemere Developments’ planning application at Turners Lane in Hersham, Surrey. - Castlemere Developments submitted the application to Elmbridge Borough Council in August 2026. - The scheme covers a site of about five hectares.

The details: - The planning proposal is for circa 82 new homes. - About half the homes are planned as affordable housing. - The affordable homes are expected to include a mix of rental and shared-ownership units delivered with a housing association. - The proposal also includes public open space, landscaping, play space and a new vehicular access from Turners Lane. - Elmbridge Borough Council has about 2,000 households on its affordable housing register and close to 100 households in temporary accommodation. - The site sits within the Green Belt but falls within the Government’s Grey Belt policy context because it is previously developed land. - The wider plans include drainage and transport improvements, plus public space with wildflower meadows, play facilities and woodland walks. - Castlemere (DK) Ltd, a wholly owned subsidiary of Castlemere Developments Ltd, will issue the bonds. - The bonds offer a fixed return over a two-year term, with monthly interest payments and capital repaid at the end of the term. - The bonds are secured by a debenture over Castlemere (DK) Ltd, with intercompany agreements supporting the wider asset portfolio. - The opportunity is available only to eligible investors who meet the relevant qualifying criteria. - Westbrooke Associates will provide eligible investors with the full Information Memorandum covering the investment terms, project background, planning case, financial appraisal, market information, security arrangements and risk factors. - The latest appraisal gives Burhill Meadows a gross development value of £48 million across 88,893 sq ft. - The appraisal includes £39 million of private residential value and £9 million of affordable housing value. - The appraisal also supports a residual land value of about £15.6 million against an aggregate option price of £8.75 million. - Castlemere Developments does not intend to build the homes itself. - The company plans to secure planning permission and then market the consented site to a housebuilder or developer. - Castlemere Developments’ current strategic land portfolio includes nine sites with the potential to deliver circa 361 homes. - The Burhill Meadows proposals also account for Wimbledon Greyhound Welfare, also known as Hersham Hounds, which currently occupies part of the site. - Castlemere Developments has committed to helping the charity secure suitable new premises so its greyhound care and rehoming work can continue. - Duncan Cooke, director of Castlemere Developments, called Burhill Meadows the company’s most ambitious project to date and said it would deliver modern and sustainable homes as well as much-needed affordable housing. - A Westbrooke Associates spokesperson said the opportunity combines a defined planning strategy, an established development business and a site in an area with significant housing need. - Westbrooke Associates said eligible investors can review the full opportunity before deciding whether it is appropriate for them. - More information is available at Westbrooke Associates, and investor relations can be reached at +44 203 745 0294. - Westbrooke Associates also listed social channels including LinkedIn, Bluesky, Instagram, Facebook, YouTube, X and Vimeo.

Between the lines: - The bond is effectively a land and planning play, not a construction financing deal. - Burhill Meadows sits in a policy-sensitive part of the market because previously developed Green Belt land is drawing more scrutiny as councils search for housing sites. - The project’s affordable housing share and wider public-realm features are designed to strengthen the planning case and local acceptability.

What's next: - Elmbridge Borough Council will determine the planning application. - If permission is granted, Castlemere Developments plans to market the consented site to a housebuilder or developer. - Eligible investors can request the Information Memorandum before deciding whether to participate.

The bottom line: - Burhill Meadows combines a housing-led planning bet with a fixed-return bond, and the investment case rises or falls with planning approval and eventual site sale.