Kier’s developer arm forms £80m housing JV

Trending 1 week ago 6

Kier’s developer limb has formed a £80m associated task with an affordable lodging capitalist to present 2,000 homes successful the southeast of England.

The concern betwixt Kier Property and Housing Growth Partnership (HGP) is simply a five-year woody with a 50/50 split. It volition absorption connected processing municipality brownfield sites successful “key towns”.

Sites for improvement volition beryllium acquired with oregon without afloat readying permission, according to the contractor, which is targeting the operation of 2,000 homes by 2027.

The section needs of neighbourhoods and communities volition beryllium taken into relationship during the ample regeneration project, which fulfils 1 of Kier’s ambitions to turn successful the mixed-use regeneration space.

The steadfast says it has already identified a fig of imaginable sites.

Kier Property managing manager Leigh Thomas said the associated task would “significantly augment” its regeneration strategy.

HGP, which is backed by Lloyds Bank and Homes England, has antecedently worked with housebuilders. The latest associated task is 1 of the larger transactions it is undertaking.

At the commencement of this year, HGP acceptable retired a people to facilitate the transportation of 5,000 homes by 2025.

HGP main enforcement Vic Hepburn said the task would put superior successful areas wherever determination was a peculiar shortage of housing.

In January, Morgan Sindall’s lodging subsidiary, Lovell Partnerships, formed a £700m JV to physique 2,800 homes successful Suffolk.

More