Homes England, Oaktree Capital and Greycoat Real Estate form master developer partnership to unlock large sites across England
Long-term public-private partnership will acquire and accelerate sites with the capability to deliver thousands of homes
Oaktree Capital Management, Greycoat Real Estate and Homes England have today announced the launch of a £250 million master developer joint venture, designed to unlock and accelerate large-scale development sites across England.
The partnership will target large or complex sites with the potential to deliver more than 1,000 homes each. With a focus on delivering high-quality environments for new communities, it will acquire sites to masterplan and develop, carrying out the necessary infrastructure works so that it can offer ready-to-develop sites to a diverse range of housebuilders.
Using a long-term stewardship approach, the partnership will put placemaking at the heart of developments to ensure the homes that are built are right for their communities. This multi-tenure, master developer model can increase the pace of delivery while putting social and community values at the heart of successful new places.
The partnership will leverage the investors’ expertise, resources and knowledge and demonstrate the opportunity for new investment into an under-served part of the UK residential market.
The partners are identifying potential sites and hope to announce the first project in spring 2025.
Jon Kenny Director at Greycoat said:
Our mandate is to speed up the delivery of new homes by removing the barriers that slow housebuilders down. The bringing together of Oaktree’s institutional capital and Greycoat’s land development expertise made possible through Homes England’s support creates a powerful trinity of capability to unlock the complex challenges that stand in the way of delivering the large schemes necessary to deliver the Governments Housing ambitions.
Peter Denton, Chief Executive of Homes England, said:
Bringing forward more large-scale developments is key to delivering the homes the country needs – and this requires ambitious master developers with clear visions and long-term commitment.
Joining Oaktree’s capital with Greycoat’s development experience, this partnership has the funding, ambition and expertise needed. It will help to unlock thousands of homes, offering ready-to-build sites to housebuilders, whilst ensuring a cohesive approach, creating brilliant places that people want to live in.
About Homes England
Homes England is the government’s housing and regeneration agency. We believe that affordable, quality homes in well-designed places are key to improving people’s lives. We make this happen by using our powers, expertise, land, capital and influence to both – bring investment to communities and get more quality homes built.
https://www.gov.uk/government/organisations/homes-england
Contact Information
The Homes England press office is contactable between 9am and 5.30pm, Monday to Friday.
Please direct all media enquiries to [email protected] or call 0207 874 8262.