Lovell Partnerships and Together Housing Group have formed a new joint venture in a bid to tackle the North of England’s housing crisis.
The new joint venture, Lovell Together LLP, is an equal partnership between the housebuilder and housing association and aims to create new developments across the North West, Yorkshire and the Humber, and the East Midlands.
The two organisations say the venture will enable them to share expertise and resources to oportunities to develop new high quality mixed tenure homes.
The pair have promised to place particular emphasis on increasing the number of affordable homes in the North as a ‘significant portion’ of the new homes will be developed for shared ownership and affordable rent.
David Ward, North managing director at Lovell Partnerships, said: “We’re delighted to be joining forces with Together Housing to help deliver the high number of affordable homes that are required across the region.
“The combination of Lovell’s technical expertise and construction delivery record with Together Housing Group’s experience in the management and provision of affordable homes makes Lovell Together a really unique offering. Such a large scale and innovative partnership means we can deliver essential developments at an accelerated pace.”
Together Housing Group is a strategic partner of Homes England, with an allocated £53 million of funding to deliver 1,150 new homes by 2025.
The joint venture will help Together to meet that target, as it has set an initial goal of delivering 3,000 new homes in the next five years with an aim of increasing future delivery of affordable homes.
Kevin Ruth, deputy chief executive at Together Housing, said “It’s great news that we can collaborate with Lovell Partnerships in this way. Partnerships are an effective way of achieving our objective of increasing housing supply. Lovell’s expertise will help us secure sites and deliver programmes across the North.”
The joint venture has already secured several developments across the North with further strategic opportunities said to be in the pipeline.
In the North West, it is close to submitting a planning application for the first phase of a 650-home development in Pendleton, Salford, one of Greater Manchester’s largest residential regeneration projects.
The first phase of the three-phase development is expected to deliver 127 new two, three- and four-bedroom homes with work planned to start on site in January 2021.
Image: An illustrative sketch of Lovell Together’s Pendleton development. Credit: Lovell Together.