TOP AWARD FOR LIVERPOOL HOUSING PARTNERSHIP
The pioneering collaboration between Redrow Homes, Liverpool City Council, Liverpool Mutual Homes (LMH) and Willmott Dixon – was winner of the ‘Property Deal of the Year’ title at NW Insider magazine’s 2016 Merseyside Property Awards.
The Insider judges used words like "innovative, complex and transformational" to describe the landmark deal.
In reaching their decision, they heard how the partnership is expected to create a £205m investment over the next five years, with potential for a further £200m in subsequent years. It is designed to drive up the range and quality of properties in the city, with Redrow Homes and LMH jointly set to build 1,500 new homes and LMH aiming to bring up to 1,000 back into use.
Capital receipts generated by the sale of Council sites and assets will be reinvested into the housing programme, to enable more affordable homes to be built. The partnership will also create construction jobs, apprenticeships and other skills training opportunities.
Liverpool City Council’s cabinet member for housing Cllr Frank Hont was at the Insider Merseyside Property Dinner at Liverpool’s Titanic Hotel to collect the award. He said later: “The Liverpool Housing Partnership is a unique partnership which is already starting to deliver benefits for the city, and I am really pleased that it has secured this much-deserved recognition.”
Chris Bowen, development director at LMH, added: “This award is great recognition for our ground-breaking approach to increasing house building in Liverpool. We are delighted that the partnership has now moved into the delivery stage with so many projects on site.”
The event was attended by 423 people from the all spheres of the region's property industry; and the Liverpool Housing Partnership beat stiff competition from the sale of Baltic Village PRS scheme (Promenade Estates) and the acquisition of Kirby Town Centre (St Modwen) in the property deal category.
Redrow’s first project under the LHP umbrella, 21 three and four-bedroom family homes at Knights Park, in Woolton, has just launched with one young couple queuing overnight to secure the home of their dreams.
Marwood Tower, Liverpool Mutual Homes’ £8 million revamp of a dilapidated tower block between Great Homer Street and Kirkdale Road into 81 modern apartments for the over-55s, is due to be completed in August.
These are just two of 17 initial schemes, which will draw in £97 million of investment for 306 affordable rent properties, 50 for private rent and 241 executive homes.
“These 651 properties represent the first phase the Liverpool Housing Partnership's delivery programme, with a similar number anticipated in phase two,” said Faye Whiteoak, Redrow’s development director for the Liverpool Housing Partnership.
“For our part we’re delighted that the partners’ efforts to pool skills and resources, provide long term investment and approach housing deliver in such a strategic way have been recognised by an outside organisation of Insider’s standing.”
Liverpool Housing Partnership
The Liverpool Housing Partnership is an agreement between Liverpool City Council and private developer Redrow Homes, affordable housing provider Liverpool Mutual Homes (LMH) and property contractor Wilmott Dixon to drive up the range and quality of properties in the city. Redrow Homes and LMH will jointly build 1,500 new homes and LMH aims to bring up to 1,000 back into use as part of a £205 million investment over the next five years.
Redrow Homes is one of the UK’s leading homebuilders, completing more than 4,000 new homes across England and Wales in the 2014/15 financial year, with a strong emphasis on high quality family housing in prime locations. Its Heritage Collection of family homes combines traditional looking, ‘Arts & Crafts’ influenced exteriors with bright, modern, high specification interiors, while the newly introduced Regent Collection displays Georgian influenced exterior design but still with that same combination of period-style architecture and 21st century interiors.
Redrow has a strong association with Liverpool – founder/chairman Steve Morgan was born and spent his childhood years in Garston; the housebuilder has completed around 2,000 new homes in and around Liverpool during its 40 year history; and ongoing developments include Summerhill Park, in the Broadgreen area, plus New Heys and Calderstones Grange, in Allerton.
The group has won numerous awards over the years, including, most recently, the 2014 and 2015 What House? Gold award for Best Large Housebuilder, the 2014 Building Awards Housebuilder of the Year and five consecutive 5* awards in the Home Builder Federation (HBF) annual customer satisfaction survey in 2011-2015. The group employs over 1,550 people as well as providing work for thousands of sub-contractors and supporting a mostly UK based supply chain.