Barratt Homes Northampton and Places for People (the UK’s largest not-for-profit property management, development and regeneration company providing social housing) have teamed up to bring over 2,000 new homes to Brooklands, Milton Keynes. Construction under the joint venture started in May 2014, with Barratt providing construction, development, accountancy and sales services.
Brooklands is different to many housing developments as it offers a variety of settings that encourage people to mix and integrate. Places for People is providing a significant amount of open space, community facilities and land for a new primary school, as part of its commitment to creating sustainable places to live. Paradigm Housing Group, the preferred housing association, will purchase the 518 affordable homes, consisting of both rental and intermediate tenure, including shared ownership, low-cost housing and reduced-cost housing.
“At a time when new housing is desperately needed, our partnership with Barratt will enable us to build new homes and community facilities at a much faster pace. Working together, we will be able to develop the site more quickly than would otherwise have been possible.”
DAVID COWANS, CHIEF EXECUTIVE OF PLACES FOR PEOPLE
Photo: Barratt Chairman Bob Lawson, opening a new JV development with Places for People at Brooklands, Milton Keynes.
case study October 2014
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