Cityheart enters extra care market with JV 

The developer has joined forces with HBV Group to deliver 10 projects with a combined GDV of £60m over the next 18 months. 

Based in Knutsford, HBV specialises in the development of new-build supported living accommodation primarily for young adults. 

The joint venture with Cityheart will see the Chester-based firm provide the capital to deliver HBV’s next phase of projects. 

The schemes will be spread across the country, including the North West, and provide around 240 new homes. 

The JV will also expand into developing Care Homes with several sites already secured in the North West. 

Jonathan Wrigley, managing director of HBV Group, said the deal would allow both firms to expand and address the need for extra care accommodation. 

“This deal supercharges our strong pipeline of supported living schemes across the country which include several sites in the North West,” he said. 

“HBV Group will also support Cityheart on its own pipeline of developments where there are elements of housing with care.  

“Together, we will continue to deliver innovative and progressive schemes and we’re committed to setting new standards across all of our developments.” 

Mark McNamee, managing director of Cityheart, said the partnership “blends the expertise of both organisations in a way that is mutually beneficial” and that and will allow the company to expand into the care sector. 

“We’re selective about who we choose to partner with and having already established a trusted working relationship with HBV,” he said. 

“We are in no doubt that this new strategy will significantly enhance our company’s future growth.” 

Cityheart is currently delivering the redevelopment of the Galleries shopping centre in Wigan as well as the transformation of the former Golden Triangle industrial estate in Widnes.