The Challenge:

The Northern Ventures model offers a full mixed tenure development partnership. This enables registered providers with development aspirations to share activity, transfer risk and tap into Kier’s mixed tenure development expertise, national presence and sales infrastructure.

Unlike other partnerships, this Joint Venture is for multiple sites rather than a single-site partnership.

The Solution:

Kier Living and the Together Housing Group have started work on their first scheme, the Stonegate development. Three additional schemes in Yorkshire, providing over 520 new homes, including over 200 new affordable homes are being progressed through planning.

The Impact:

The Stonegate development will see 113 new homes providing a range of 2, 3, 4 and 5 bedroom properties, all marketed under the Kier Living brand. The development is in an area of high property demand, with the initial release of 20 units all reserved before the first units were even completed. The development has generated great interest, with further reservations on the next section of the development received before commencement.

" THG is excited to enter into this partnership with Kier Living to ensure we continue to meet the aspirations of both the Government and our own growth strategy. With focus now on home ownership, we needed to work closely with an experienced developer not only to share the risk and reward but also to learn from their experience and knowledge. Profits returned to the Group will be used to fund our affordable housing programme. "
Mark Dunford Finance Director Together Housing Group

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