Developer Grainger welcomes first tenants after gaining RP status
Published by Anonymous for 24dash.com in Housing and also in Development
Huge profits and high value contracts signify strength of UK housebuilding - report
Developer Grainger, the UK's biggest residential landlord, has been welcoming its first social housing tenants after being granted registered provider status by the Homes and Communities Agency.
The company's new sub-division, the Grainger Trust, saw tenants move into their new homes on the Berewood development in Hampshire, which will eventually deliver up to 900 'affordable' homes.
Over the next 15-20 years, Grainger will bring forward over 7,000 new residential properties, a significant proportion of which will be 'affordable' homes, which could be acquired and managed through the Grainger Trust.
In creating the subsidiary, Grainger says it will adopt a "holistic approach" towards the communities it creates and be able to maintain strong continuity in design, management and standards.
Grainger has also announced the appointment of Bill Flood as project director of the Grainger Trust.
Mr Flood, who has worked in housing for over 20 years, said: "Using our knowledge from the private sector, we aim to deliver much needed quality homes for both affordable and shared ownership housing for hard working people. As a result we are delighted to see our vision now coming to life at Berewood which has been created around the traditional English Garden Cities model.
"This provides not only a viable solution to building the homes that the country so desperately needs, but also creates places that our residents are proud to call home.”
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