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Winners announced for Hyde Housing deal

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The winners have now been announced for Hyde new-build housing deal worth £2billion.

Hyde Housing Association have now named who they have chosen to use to deliver a £2billion new homes building programme across the South East and London. There have been 41 firms announced who we are sure most of you will recognise, one particularly successful firm being Kier London who have secured six out of the available eight lots.

Other companies who have secured schemes worth over £25million are Bouygues, McAleer & Rushe, McLaren, Engie, Graham Construction, Migard, Wates and the newly formed Vistry Partnership. (Find out more about Vistry Group here)

Among the lots, Hyde has also set up a preferred contractor list and these chosen firms could potentially share a £250million work pipeline. Some of the construction Partners included in this list are; AMCM Group, Bennett Construction, Buxton Building, Chartway Group, Bugler Developments, Cablesheer, Drew Smith, Kier London, McLaren Construction, PMC Construction, Westridge Construction, Thomas Sinden and that’s just to name a few.

Firm Thomas Sinden has won two of the lots and Business Development Director Paul Cooke says: “As an organisation we have a great deal of expertise and experience delivering mixed tenure residential developments as well as commercial projects and look forward to working closely with Hyde, its subcontractors and stakeholders to deliver its planned development programme.” (1)

The new housing strategy is expected to be delivering at least 50% of the development programme as private rent to reinvest in providing additional affordable homes as well as housing for sale.

We’re excited to see the outcome of this development programme and we’re sure this will contribute to a rise in vacancies in the property sector, so watch this space!

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References

(1) Winners named for £2bn Hyde new-build housing deal – Aaron Morby – 15th January 2020