Kier Property and Housing Growth Partnership have announced a joint venture to develop residential sites across the UK
The £80m partnership will focus on developing residential sites on urban brownfield land – it will run for five years, initially across the South East of England.
Kier and HGP will acquire sites with or without full planning permission to build 2,000 homes by 2027.
Regenerate urban brownfield sites
Leigh Thomas, managing director of Kier Property commented: “This partnership sits well with our five-year business plan to expand our offering in the mixed-use regeneration area.
“It will significantly augment our residential regeneration strategy and we have identified a number of sites that we plan to deliver through the partnership, where we can add value through the planning process.”
Part of Lloyds Banking Group, Housing Growth Partnership (HGP) is a social impact investor, focused on providing support to the regional residential development and housebuilding community to help tackle housing challenges in communities across the UK.
2,000 additional homes for rent and sale
Vic Hepburn, CEO Housing Growth Partnership commented: “The partnership with Kier represents the next step in the expansion of HGP, so we can play as full a role as possible in supporting the UK’s diverse and evolving housing needs as part of our commitment to help Britain prosper.
“This partnership will see significant capital deployed to develop 2,000 additional homes on urban brownfield sites for rent and sale in areas with a shortage of supply.”
