Elivia Homes has announced a partnership with Seaward Strategic in a deal that will see over 1,000 units jointly promoted with a GDV of £500million.
The move signals considerable growth for Elivia Homes’ Southern region, with 11 new sites at varying stages of planning across West Sussex, Hampshire and Dorset. With developments ranging from 20 to 200 units, the deal will see Elivia deliver much-needed quality new homes across the South, including hundreds of affordable properties.
The addition of this portfolio land marks another milestone for the Octopus Investments-backed business after the acquisition of Kent-based Millwood Designer Homes in January. The additional portfolio underpins Elivia Homes’ future growth plans by securing longer-term cashflow certainty and reflects its continued investment in strategic land.
Seaward Properties, based in Chichester, has been a developer of both commercial and residential developments in the South and South East of England since 1972. The partnership with Elivia reflects a commitment to further enhance the speed and certainty of delivering planning consents for the land owners they represent.
Kevin Wawman, managing director of Elivia Homes Southern, commented: “It has been an absolute pleasure working with the Seaward team in a deal that provides long-term growth and stability for the business. We look forward to building approximately 1,000 homes within the new portfolio, using our combined knowledge and experience to successfully deliver these high-quality sites over the next few years.”
Barry Sampson, chairman of Seaward Properties, said: “It was important to find another like-minded housebuilder which matched our own passion for design and build principles and Elivia Homes were the perfect fit. We have thoroughly enjoyed the working relationship to date and look forward to strengthening our partnership moving forwards to deliver our valued strategic portfolio.”
Elivia Homes’ new three-region business plan sets out to triple in size by 2027 to a £350million turnover business, delivering over 1,000 design-led and sustainable homes per year in aspirational locations across the South East. The acquisition of the Seaward portfolio sees its land pipeline grow to a GDV of over £1.5billion.
