The new JV has been formed in equal partnership and will create much needed quality developments across the North West region, starting with a development in Whalley, located in the Ribble Valley.
Delivering exceptional social value and a range of affordable housing is a key part of the joint venture with an impressive 30% of homes at the 25-acre Whalley development set to be either shared ownership or affordable rent properties. The site has planning for 188 homes, comprising a mix of houses, bungalows, and apartments.
Lee Sale, regional managing director at Lovell Partnerships, said: “We’re delighted to be joining forces with Trafford Housing Trust to bring a unique joint venture to the North West.
“THT is a really forward-thinking housing provider so we’re very much looking forward to working with them. The combination of their experience and our technical and construction expertise is a winning formula for creating much needed housing across the region.
“The portion of affordable housing is significant at the Whalley development, but we are particularly excited about the fantastic social value projects in the pipeline. By engaging with schools and colleges, supporting apprentices and trainees, and getting involved with local community projects, we have the opportunity to make a real difference.”
Graeme Scott, Executive Director - Development at Trafford Housing Trust, said: “We’re delighted to be joining forces with Lovell Partnerships, not only to develop the site in Whalley but also because this JV has the potential to deliver more schemes in the future. Trafford Housing Trust is committed to tackling the housing crisis and bringing forward more affordable homes is an essential part of that ambition.”
The development in Whalley is due to start on site in March this year.