Home > housing, newspaper stories, regeneration > nebusiness.co.uk – Commercial Reviews – Commercial and Industry Reviews – North East Regeneration – Keepmoat adapts to new times

nebusiness.co.uk – Commercial Reviews – Commercial and Industry Reviews – North East Regeneration – Keepmoat adapts to new times

A FOCUS on regeneration is helping Keepmoat Homes bounce back from the crisis which rocked the house building industry last year.

Partnership projects with local councils and housing associations to create homes for rent and shared ownership enabled the company to beat its construction goals for 2008/9 (283 properties built against a target of 275).

And, while confidence is returning to the private market, Keepmoat Homes North East remains committed to social housing regeneration.

It has been shortlisted for two major regeneration development opportunities in Newcastle and Gateshead and is in discussion with other local authorities about the provision of new housing stock and mixed tenure solutions.

Managing director Richard Bass said: “Our success in getting through this difficult economic period has been our experience in regeneration and the construction of affordable homes.

“This has enabled us to adapt our business to meet the needs of our local authority and housing association partners and increase the number of properties constructed for them.”

An example is the £2.7m affordable housing scheme in Ushaw Moor near Durham. Delivered by the Durham Villages Regeneration Company (DVRC) – a partnership between Keepmoat Ltd and the local authority – the site features 18 two- bedroom bungalows, four two-bedroom houses and seven three-bedroom homes.

All meet the Government’s new code three environmental standard, which includes high levels of insulation and energy-efficient heating systems, supported by solar panel technology.

The project complements the predominantly private Hunter’s Gate development at the other end of the village – a scheme which contributed significantly to the £20m investment in community facilities made by DVRC.

This includes the award-winning Freeman’s Quay Leisure Centre and swimming pool in Durham City.

Such success has helped Keepmoat Homes develop working relationships with almost all of the region’s local authorities and social landlords.

All this means the company is well placed to take advantage of the returning confidence in the private housing sector. Although visitor numbers are relatively consistent on the same period last year, confidence amongst customers is improving with reservation up over 40%.

This has led to five sites being re-launched in the region, enabling the Tyneside -based firm to increase the number of its sales force.

via nebusiness.co.uk – Commercial Reviews – Commercial and Industry Reviews – North East Regeneration – Keepmoat adapts to new times.

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