Member Article

Consortium to deliver 4,000 new homes bringing £500 million investment into Hull

KSHP, a consortium of developers has joined forces with Hull City Council to deliver 4,000 new homes in Hull and the East Riding.

This new consortium will deliver one of the city’s largest housing regeneration programmes, bringing private investment in excess of £500 million to the area over a 13-year period.

The appointment of KSHP will provide new homes, employment and training opportunities and inward investment to the city through developing land owned by the Council.

The partnership has a target of delivering 85% local labour and 300 apprenticeship opportunities through the development.

The joint consortium known as ‘KSHP’ consists of housing developers Keepmoat Limited and Strata Homes Limited along with affordable housing provider Home Group Limited and commercial property specialists ‘Priority Space’.

The programme will build a mix of social housing, including new Council homes, homes for open market sale and shared ownership.

The appointment of KHSP will initially result in the development of 236 council homes starting in spring 2015 on cleared sites within the Preston Road area.

These are partly funded by the Homes and Communities Agency’s affordable housing programme 2015-18.

Hull City Council received the single largest national allocation for a local authority from this pot, with funding in place to deliver 414 new homes over the period across the city.

Councillor John Black, portfolio holder for Council Infrastructure and responsible for housing, said: “The appointment of this consortium is a key milestone for Hull. We are looking forward to working with them in what will be one of the biggest housing regeneration projects the city has seen.

“One of the consortium’s strengths is its approach to delivering local labour and creating apprenticeship opportunities. This is key objective for the council in delivering the aspirations of creating jobs and training outlined in Hull’s 10-year City Plan.

“The council recognises that the quality of its residential offer is a key factor in helping the economic performance of the city as well as producing good quality homes to meet future housing needs.”

Mark Knight, managing director for Keepmoat Homes Yorkshire, said: “We are delighted to be part of this major transformational project; we have been committed to the city of Hull for a number of years and are proud to be able to continue this for many years more.

“We know that our consortium can add real value to the already good work being undertaken across the city, by delivering an improved housing offer and assisting with community and economic stimulation and creating more jobs for the city’s residents.”

Andrew Weaver, from Strata Homes Limited, said: “We are delighted to have been selected as citywide partner in the ground breaking project.

“We are now keen to prove Strata as a trusted partner and provide a valued contribution in this exciting, new venture.”

Mark Henderson, chief executive for Home Group, said: “There is a huge demand for new, high quality homes in Hull and a project of this scale represents the fantastic commitment by the council to meet this need.”

This was posted in Bdaily's Members' News section by Clare Burnett .