A landmark acquisition comprising of a 928-home site near Leeds Docks, the largest in its history, has been secured by English housing association The Guinness Partnership in Leeds. The site is just a few minutes’ walk from Leeds Station and the new HS2, with Leeds South Bank set to provide
In an attempt to boost house building, south east housing association L&Q is in talks to take over the North West’s Trafford Housing Trust. The acquisition, which is expected to be completed this June, will unlock a further £4 billion of investment in the North West by combining the capabilities
Donaldson Timber Engineering (DTE), the manufacturer of structural timber components, has expanded its offering with the acquisition of Cambridge Roof Truss. The strategic acquisition will further supplement its existing product offering across Southern and Midlands regions of the UK. “The acquisition of Cambridge Roof Truss further extends our reach in
BDC 319 : Aug 2024
A landmark acquisition comprising of a 928-home site near Leeds Docks, the largest in its history, has been secured by English housing association The Guinness Partnership in Leeds. The site is just a few minutes’ walk from Leeds Station and the new HS2, with Leeds South Bank set to provide 35,000 jobs and deliver 8,000 new homes over the next 15 years. The Hunslet Road site will offer 600,000 sq ft of homes and commercial space to contribute to this vision. “This site, within the Leeds South Bank Regeneration and Innovation District, is a fantastic opportunity for us to create over 900 homes in a vibrant new neighbourhood in Leeds. We intend at least 35% of the homes to be affordable,” said Catriona Simons, Chief Executive of The Guinness Partnership. Guinness has committed to ensuring at least 35% of the available homes will be for the affordable housing market. The site was purchased with the support of part of the funding recently granted by Homes England to Guinness to start building an extra 4,500 affordable homes across England by 2022. “The Guinness Partnership’s proposals are fantastic news for Leeds. That it is committing to its biggest ever scheme here and intending to deliver so many new affordable homes is a real mark of confidence in our vision for the South Bank, where we want to ensure regeneration and growth benefits all the city’s residents,” added Councillor Richard Lewis, Leeds City Council’s executive member for regeneration, transport and planning.
In an attempt to boost house building, south east housing association L&Q is in talks to take over the North West’s Trafford Housing Trust. The acquisition, which is expected to be completed this June, will unlock a further £4 billion of investment in the North West by combining the capabilities and resources of the two housing associations to create 20,000 new homes over the next 10 years. “L&Q has an ambitious plan to build 100,000 quality new homes over the next 10 years to tackle the national housing crisis. We see THT as a gateway to the North West, an area of outstanding growth that needs more high quality, affordable homes. We are excited by the opportunity to invest in the North West with a partner that shares our social purpose, values and ambition, has excellent local knowledge and a strong reputation for innovation and delivery,” said L&Q group chief executive David Montague. L&Q’s acquisition focuses on long-term investment and growth that include savings by removing duplication and increasing efficiencies. The company has also pledged to spend £2 million each year improving the standard of THT’s existing homes, as they come up for re-let. “This is a unique creation that will be built on true partnership and the strength of our vision, and the people who will deliver it. As part of L&Q, we’ll create significant social impact in the North West at scale and pace and strive to find solutions to the national housing crisis. We will deliver an extensive programme of new development and regeneration projects, as well as improving homes and services for our existing customers,” added Larry Gold, Acting Chief Executive of THT. AT the moment, THT is involved in joint venture partnerships with Galliford Try, Wates and Wilmott Dixon to build homes for rent and sale across Greater Manchester and the North West of England. L&Q is one of the UK’s leading housing associations and developers, managing more than 90,000 homes across London and the South East.
Donaldson Timber Engineering (DTE), the manufacturer of structural timber components, has expanded its offering with the acquisition of Cambridge Roof Truss. The strategic acquisition will further supplement its existing product offering across Southern and Midlands regions of the UK. “The acquisition of Cambridge Roof Truss further extends our reach in the UK, meaning wherever our customers are, we are on their doorstep; providing the best in quality and local service with a national distribution network. It’s a fantastic business, and we’re extremely pleased to be bringing the full team into the DTE family,” said Jonathan Fellingham, Managing Director of DTE. Fife-based DTE is the UK’s largest and longest established manufacturer of roof trusses, engineered joists, beams and spandrel panels, with over 30 years’ experience. Adding to the company’s eight manufacturing sites across the UK, this acquisition provides DTE with a unique national distribution network. Cambridge Roof Truss Limited (CRTL) was established in 2014 and it designs, manufactures and supplies roof trusses, joists and spandrel panels to leading housebuilders and construction companies in the UK. The company has built a reputation for being a marketing-led, sales driven business with a renowned customer service ethos. “I am very proud of the reputation we have built, and for putting our customers and the service we provide to them at our core. By joining forces with DTE, we can offer a broader set of manufacturing capabilities with the resource and operational experience necessary to fully support our customers,” said Cambridge Roof Truss Managing Director, Jack McMinn. There will be no changes for clients or suppliers of CRTL.
