Lovell Partnerships has been appointed as the preferred bidder to deliver the Cardiff and Vale Housing Partnership, a major new initiative aimed at addressing the housing needs across the region.
The partnership marks Cardiff Council's second housing programme, following the success of its award-winning Cardiff Living scheme. It is part of the largest council-led development programme in Wales, with the capacity to deliver over 4,000 new homes, including at least 2,800 council homes.
The Vale of Glamorgan Council is also launching an ambitious house-building programme, committing £920 million to develop new council homes over the next 30 years. The goal is to deliver at least 880 new homes through its partnership with Lovell.
This collaboration stems from the shared vision of both councils to create exemplary homes and communities that will help alleviate current housing pressures. Together, they aim to deliver at least 2,260 new homes over the next decade.
Lovell was selected through a joint process run by the Savills Housing Development & Regeneration and Cardiff Development teams. Under the agreement, Lovell will build the new homes, with at least half of them designated as affordable properties. These will be retained by the councils for social rent or shared ownership schemes, while the remaining properties will be sold on the open market.
Cllr Lynda Thorne, Cabinet Member for Housing and Communities at Cardiff Council, said: "We're very pleased to announce that we’ll be working with Lovell on our second housing partnership and are looking forward to creating more high quality, energy-efficient homes across the region together, to help tackle the very high demand we’re experiencing."
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