Pigeon wins £5m backing

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A COMPANY looking to increase the amount of land it can put forward for housing has gained the support it needed from private investors.

Pigeon, in King’s Road, Bury St Edmunds, began approaching investors for its new venture – Pigeon Land – in February. Now it has now secured its £5 million target.

James Buxton, chairman of Pigeon, said: “We are delighted with the response from our investors, which has enabled us to raise a substantial sum in a short period.”

It is promoting land for more than 8,000 new homes across the Eastern region and plans to quadruple its ‘promotion land bank’ to the equivalent of 25,000 new homes, over the next few years.

Visit www.pigeon.co.uk