Stonebond, Great Places join forces for 600 homes
The developer and the registered provider have formed a partnership to redevelop brownfield sites across Greater Manchester and Cheshire into affordable homes.
The open-ended agreement will see Stonebond and Great Places Housing Group work together to deliver an initial 600 homes, with the possibility for more in the future.
Andrew Cornelius, group chief executive at Stonebond, described the partnership as a “major milestone”.
“Our professional relationship with Great Places has been built over 15 years thanks to our founders Richard and Graham Cherry.
“Our two businesses share the same ethos and approach to affordable housing delivery, as well as build quality, and together we can make a major and long-term contribution to the North West’s affordable housing provision.”
Stonebond and Great Places are already working together on a 106-home scheme in Wigan. In May, the joint venture applied to build affordable homes on the site of the former Enterprise House office building.
To learn more about that project, search for reference number A/23/95287/MAJOR on Wigan Council’s planning portal.
Under the terms of the JV, Great Places will operate homes for affordable rent, social rent, and shared ownership.
Nick Gornall, director of development at Great Places Housing Group, said: “The values of our businesses align and early collaboration has seen the teams create a shared vision of how our developments will look and feel which in turn has led to us securing a strong pipeline of sites.
“600 affordable homes under this partnership is just the start as we continue to deliver our Homes England Strategic Partnership programme.”
Stonebond, which recorded revenue of £100m in 2021, operates from offices across the country, including Manchester.
The company’s Manchester office has a target to deliver up to 200 homes a year by 2025. Nationally, that figure rises to 1,000.