New house building joint venture launched

Housebuilder Miller Homes and Wates Developments have joined forces to form a new housebuilder joint venture focussed on South England. May 20, 2016 / Isla MacFarlane
New house building joint venture launched

Two joint ventures between the companies have already been established in Didcot in Oxfordshire and Southwater in West Sussex. At Didcot, Miller Homes and Wates will create a 163 unit residential development, featuring 114 two, three and four bedroom properties as well as 49 affordable homes and apartments, as part of the Great Western Park consortium project. Construction has already begun on site with sales due to commence in late summer. Once complete, the project will feature new amenities, including retail and community facilities.

At Southwater, a reserved matters application has been submitted for 193 properties in the village, which is located south of Horsham. The proposals, which currently have outline planning consent, will include 40% affordable homes and have been well considered to help the area meet its housing need.

Martin Leach, Managing Director of Wates Developments, said, “We have been steadily building our relationship with Miller Homes over the last year. Having sold a piece of consented residential land to them at Bracklesham in West Sussex, we are delighted to have taken this further step, establishing these initial joint ventures and look forward to working on many more together.

“As the Wates Development business grows, we are delighted to increase the scope of our HBJV partners, including financially strong, high quality firms such as Miller Homes, alongside our established relationships.”

Tracey Lee, Regional Operations Director for Miller Homes Southern, added, “We are pleased to be working in partnership with Wates Developments, combining the strengths of both organisations through an innovative business model to bring forward new residential development in Southern England. We are confident this will provide a platform for developing further opportunities together.”

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