Capital & Centric has launched housebuilding arm Nowhaus, and is seeking to acquire and develop sites in partnership with Greater Manchester and Merseyside local authorities to bring forward several hundred homes each year.
The Nowhaus concept has been designed by architect shedkm, and aims to create affordable housing which maximises the living space within the property as well as allowing for high-density development.
Capital & Centric is aiming to build twice as many homes on a site than the traditional housebuilders, and is targeting plots of three acres or more which could deliver around 100 homes per project.
The company, which was co-founded by Tim Heatley and Adam Higgins in 2011, used the MIPIM UK conference in London last week to present the concept to Housing Minister Brandon Lewis.
According to Heatley, Nowhaus is based on economies of scale, which allow for cost savings to be passed on to the end user. “We want to build communities up,” he said. “We’re aiming for pioneering sites where there have been challenges around development, and that are big enough to change how people look at the entire area. The bigger the site the better.”