The new property development company, HG Living Ltd will specialise in Purpose Built Student Accommodation (PBSA), Build to Rent (BtR) and Affordable Housing schemes
The HG Group has a proven track record of securing key sites for the residential rental and student housing markets through its previous development business HG Developments, delivering projects with a value of over £250m.
One of HG Living’s first schemes is an £80m Build-to-Rent scheme in central Milton Keynes for Pension Insurance Corporation. HG Construction will be the main contractor on the scheme, which comprises 306 residential apartments.
In line with its strategic growth plans, the property development company has made two key appointments. Craig McPhail will join HG Living as director and board member at the start of April. He comes from Montagu Evans where he was a partner and head of Alternative Living.
A recognised specialist in the field of residential development & student accommodation
McPhail is a recognised specialist in the field of residential development, student accommodation and investment. He has overseen acquisitions and sales with a GDV in excess of £1billion over the last five years.
At HG Living, he will work alongside director Rob Greaves to oversee the day-to-day management of the business.
McPhail will assume responsibility for the sourcing and identifying of appropriate sites across the UK, the appraisal and acquisition of these opportunities, and the sale of developments in line with the Board’s objectives.
James Young will join as executive director from The Collective.
HG Living has been in the works for several years
Christopher Benham, CEO, HG Construction Group commented: We are delighted to be launching HG Living after several years’ work behind the scenes to grow the development arm of the HG Group under HG Developments.
“We have established a solid track record in managing the construction and development risk for our funding partners, providing a seamless end-to-end service and delivering quality residential schemes with certainty.
HG Living will deliver much-needed affordable homes at scale and speed
“Craig and James bring a wealth of development experience to our team and we are confident that these new appointments will enable us to expand our presence in the residential rental and affordable homes sectors, as well as continuing to deliver high-quality student housing schemes.
“I would like to formally welcome Craig and James to the team as we enter a new chapter for HG Living and look forward to working collaboratively to bring much-needed homes to the market at scale and at speed.”
Commenting on his new role, Craig said: “I am delighted to join the team as the business moves ahead with significant expansion plans.
“As a valued client of Montagu Evans, I have worked with HG for the past six years, developing strong relationships in the process.
“HG Living is well placed to maximise opportunities in the PBSA, BtR and affordable homes sectors for our institutional funding partners, offering an enviable combination of construction and development expertise.
“With several new projects in the pipeline, this is an exciting time for the business, and I look forward to forging more productive client relationships and adding value to HG Living’s offering in my new role.”
