The British Property Federation (BPF) has launched a new Affordable Housing Committee to lead the real estate industry’s delivery of affordable homes in the UK.
The Committee will provide leadership for the UK’s real estate industry and its delivery of affordable housing, such as shared ownership, affordable and social rent accommodation, and new homes in partnership with government bodies and housing associations.
The BPF said the Committee will look to maximise the industry’s investment in affordable housing, and raise awareness among central and local government of the role the sector can play in expanding affordable housing provision.
The BPF has appointed Rob Beiley, partner at Trowers & Hamlins, and Simon Century, director of build-to-rent and affordable homes at Legal & General, as the Committee’s chair and vice-chair respectively.
Melanie Leech, chief executive of the BPF, said: “The real estate industry’s investment plays a significant role in the provision of affordable homes in the UK, yet this is poorly understood and there remain significant opportunities to maximise our industry’s investment into this sector.
“I am delighted Rob and Simon have accepted to lead the charge for our new Affordable Housing Committee. We look forward to working with them to ensure our industry more effectively communicates with the government to unlock future growth in this sector, which will be fundamental to the Government’s ambitions to create a housing market that works for everyone.
“Everyone deserves a safe and comfortable place to call home, and while there is no silver bullet to fix the acute challenges facing the UK’s housing market, we will need every housing sector – from homes-for-sale, buy-to-let, build-to-rent to retirement living, student accommodation and affordable housing – firing on all cylinders.”
Beiley has over 20 years’ experience in advising housing associations, local authorities, developers and investors on a range of housing-related matters.
Century, meanwhile, joined Legal & General in 2016 with responsibility for leading direct investments into the long-term residential rental housing sector. In 2018 he founded Legal & General’s affordable housing business Legal & General Affordable Homes.
Areas the pair will focus the Committee on include championing real estate investment into the UK’s affordable housing sector, and exploring how the industry can support housing associations and local authorities in delivering affordable housing.
The Committee will also lead the industry’s response to government consultations relating to affordable housing, and improving the industry’s engagement with government and related institutions such as Homes England and the Regulator of Social Housing.
The Committee’s members include:
- Julia Bevan, Grainger
- Chris Jeffs, M&G Real Estate
- Peter Quinn, Watkin Jones
- Charles Cleal, JLL
- Charles Crowe, PGIM Real Estate
- Natalia Kolotneva, LaSalle Investment Management
- Catherin Webster, Quintain
- Matthew Chillingworth, Federated Hermes
- Olivia Harris, Dolphin Living
- Tom Paul, Optivo
- Debi Marriott-Lavery, Places for People
- Kush Rawal, Metropolitan Thames Valley
- Thomas Mudd, CBRE
- Shamez Alibhai, Man GPM
- Claire Kober, Pinnacle Group
- Helen Collins, Savills
Beiley said: “We have seen exponential growth in the real estate industry’s investment in affordable housing in recent years and I know that the industry has the capacity to deliver more.
“I am grateful to have the support of such a highly experienced committee and together we look forward to working with government to maximise the opportunities that the industry has to deliver much-needed affordable housing at scale.”
Century added: “The pandemic has affected every corner of our lives and had a major impact on what we need from our homes and communities. In particular, it has brought into even sharper focus the urgent need to provide stable and affordable homes for millions of households across the country.
“As ever increasingly levels of long-term capital seek to enter, now is the perfect time to be bringing together like-minded housing associations, institutions and advisors who can work with Government to help tackle the huge supply, funding and sustainability issues the sector faces. I am delighted to be working alongside the BPF and Rob to bring this to fruition, and to help lead the way in addressing the next evolution of the sector.”
Image: The courtyard of SO Resi Clapham Park, one of Metropolitan Thames Valley Housing’s shared ownership schemes. Credit: Metropolitan Thames Valley Housing.