£860M Joint Venture Kickstarts Ambitious Housebuilding Plan in Manchester

In a groundbreaking move, a £860 million joint venture between Homes England, Capital&Centric, and Swiss Life Asset Managers has been established to spearhead a major new housebuilding initiative across the UK. Dubbed the Impact&Places partnership, this collaborative effort is poised to deliver an impressive 2,250 homes in the coming years.

The partnership's first acquisition is a site in Manchester, marking the beginning of a strategic push to address the country's ongoing housing crisis. By pooling their expertise and resources, the three organizations aim to drive innovation and deliver high-quality, sustainable housing solutions that cater to a diverse range of homebuyers and renters.

Homes England, the government's housing delivery agency, brings its extensive experience and funding capabilities to the table. Capital&Centric, a leading property developer, contributes its proven track record in delivering transformative urban regeneration projects. Swiss Life Asset Managers, a global investment management firm, provides the necessary financial backing and investment acumen.

"This landmark joint venture represents a significant step forward in our mission to increase housing supply and accelerate the delivery of new homes across the country," said Simon Dudley, Chair of Homes England. "By combining the strengths of our three organizations, we are poised to make a tangible impact on the housing market and create vibrant, sustainable communities that people are proud to call home."

The Impact&Places partnership will focus on a range of housing tenures, including affordable homes, build-to-rent, and market-sale properties. This diversified approach aims to cater to the varied needs and preferences of homebuyers and renters, ensuring that the developments offer something for everyone.

Adam Higgins, Co-Founder of Capital&Centric, expressed his enthusiasm for the venture, stating, "We're thrilled to be working with Homes England and Swiss Life Asset Managers to drive forward this ambitious housebuilding plan. By leveraging our collective expertise and resources, we can create transformative projects that not only provide much-needed homes but also contribute to the wider regeneration and economic growth of the communities we serve."

The Impact&Places partnership represents a significant step forward in addressing the UK's housing crisis. By combining the strengths of three respected organizations, this joint venture is poised to deliver innovative, sustainable, and community-focused housing solutions that will make a tangible difference in the lives of homebuyers and renters across the country.