Kier Living has launched a new joint venture (JV) housing model which aims to deliver thousands of new homes in the north of England.

The Northern Ventures initiative aims to build 1,000 units per year over the next three years.

Together Housing Ground (THG) is the first Association to pair up with Kier and the first 113-property development for outright sale has been confirmed in Huddersfield. Overall, the JV aims to deliver a number of housing projects across Yorkshire, Humber and the North West.

-- Advertisement --

Paul Moore, managing director of Kier Living North, said: "We are looking at a joint venture model that provides a longer-term sustainable relationship with a 3 -5 year business plan, giving both partners diverse and sustainable benefits.

"By working together, we can look at larger scale opportunities that are not only attractive financially for both parties, but contribute extra mixed tenure new homes to meet the current UK shortage. With Government focus on home ownership, the joint venture gives our partners opportunities to build housing stock of all tenures, as well as generating a commercial return on their investment that can be re-invested in the sector."

(LM/CD)