Partner Group has secured a major new contract with housing association Midland Heart to deliver new homes for affordable rent and shared ownership in Nuneaton.
The deal involves the development of 95 homes on a six-acre former council depot site, close to the centre of Nuneaton. The £14.5m project commenced on site on 13th August with the demolition of the old buildings. The development will comprise 52 homes for affordable rent and 43 for shared ownership and construction is expected to take just under three years.
Leigh Cresswell, Managing Director of Partner Group (pictured above centre), said: “We are delighted to be working with Midland Heart once again on what is the largest single contract we have secured with the association.
“True to our name, our mission is to partner with Midland Heart and the wider UK affordable housing sector to support the growing need for quality housing for all. We look forward to creating modern, comfortable homes for people to enjoy.”
Based in County Durham and with an office in Derby, Partner Group works mainly with registered social housing providers, creating desirable, sustainable communities in which people are proud to live. The company has an A1 rating from both the NHBC and Premier Guarantee and has completed over 2,000 new houses on 82 sites across the UK.
In March, it was acquired by utilities and property services specialist, the Fastflow Group, which has an annual turnover of around £120m.
Partner Group is supporting Midland Heart — founded in 1925 — in achieving its charitable aims of maintaining affordable homes in challenging areas of the Midlands. It owns and manages 33,000 properties enjoyed by 70,000 customers.
This site — a base for Nuneaton and Bedworth Borough Council’s maintenance and cleaning teams since 1959 — is close to other residential development and within walking distance of the town’s bus and rail stations.
Joe Reeves, Executive Director of Growth and Corporate Affairs (pictured above on the left), Midland Heart, said: “There is much need for new affordable housing in Nuneaton with demand outstripping supply. This is a significant development, providing homes at affordable rent or for shared ownership, giving first time buyers a chance to step on to the property ladder.”
Brent Davis, Executive Director, Operations, Nuneaton and Bedworth Borough Council (pictured above on the right), added: “The land has been released for development following the relocation of the council depot to a more suitable site and the move has been welcomed positively by local residents.”
Midland Heart and Partner Group are also working together at Bagworth, Leicester and are looking to develop further opportunities for affordable housing.