The Midlands residential developer Living Space Housing has promoted one of its founding members to the role of commercial director.
Paul Breen has managed the affordable housing specialist’s commercial function since it started trading in 2019.
The Solihull-based start-up said it is promoting Breen ‘in recognition of his contribution’ to its rapid growth, with the business on track to deliver a turnover of over £20 million in only its second year of trading.
Living Space is currently building seven residential developments across middle England, including 26 homes in Telford, with several further sites currently making their way through the planning system.
Steve Davies, managing director of Living Space Housing, said: “The affordable housing sector was impacted more significantly than the residential market as a whole last year, with the number of new homes delivered down 30% on the previous year.
“However, by working very closely with our supply chain, Paul Breen has been instrumental in driving Living Space’s remarkable growth, which will see us achieve a turnover in excess of £20 million this financial year.
“He has recruited and trained a great team and used his extensive experience to negotiate, problem solve and work with me to shape the development of this business in a highly sustainable way that puts us in great stead for continued strong growth. I am delighted to promote him to the pivotal role of commercial director.”
Breen has over 20 years of experience in the housing industry, having worked as head of commercial at RGB Group for three years before joining Living Space in 2019.
Breen was previously employed as a commercial director for Bovis Homes and as a commercial manager for Thomas Vale Construction.
Living Space said Breen’s ‘strong and active management of the whole supply chain’ has supported the business despite it having to pause construction on all its sites during the first national COVID-19 lockdown last year.
Breen said: “None of us have ever worked through a global pandemic and the impact it has had on the construction industry and long-established ways of working has brought about tough challenges. Brexit is also having an impact on supply chains.
“Through all of this, we have been determined to make significant headway, by working to our COVID-19 Safe Operating Procedure and delivering much-needed affordable homes across all our live sites.
“It has been so rewarding to see the reactions from the residents who have taken occupation of their new homes; being able to move home during this difficult time has made the process even more meaningful.”
Living Space provides residential planning, design and construction services for clients including registered providers, the NHS, and universities. Its development portfolio is estimated to be worth at least £72 million, equivalent to 580 affordable homes.
The company’s housing association clients include Stonewater, Accord Housing Association, The Wrekin Housing Group, Paradigm and Hightown Housing Association.