Weston Partnerships signs first deals with asset managers and councils
Weston Group has launched the new Weston Partnerships division to form development partnerships and joint ventures for Build-to-Rent (BTR) housing jobs.
In the BTR sector Weston Partnerships has recently entered into an agreement with Royal London Asset Management to provide homes across two developments at Bracknell Beeches and Town Quay, Barking with Weston Homes overseeing construction.
In the local authority housing sector Weston Partnerships has entered into an agreement with Barking and Dagenham Council enabling the delivery of local authority affordable housing at Town Quay with Weston Homes constructing and delivering the completed homes.
Weston Partnerships is also working with retirement housebuilders, local developers and contractors needing MMC building components, provided by the Group’s subsidiary British Offsite.
The deals include a collaboration with Elkins Construction across three developments using British Offsite’s innovative UniSystemLB product.
Steve Hatton, Development Director of Weston Partnerships, said: “Our priority is to work closely with our partners to help accelerate housing delivery, improve affordability, drive MMC innovation and uphold the highest construction standards. Through this expansion we are well positioned to make a meaningful impact on the future delivery of housing.”
Peter Gore, CEO of Weston Group added: “Whilst the group will continue to operate within the Build-to-Sell sector via our core Weston Homes division, the housebuilding industry has changed dramatically over the last few years and it is important for us to expand and create new income streams for the business.
“The Build-to-Rent, local authority and some of the other deals we have already secured have the advantage of being forward funded providing an upfront income stream which is highly advantageous for our cash flow and financial strength.”
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