Ethical house builder signs two firms for £150m deal

Aaron Morby 7 years ago
Share

Ethical house builder Aster Group has signed up Galliford Try Partnerships and E G Carter for a new partnering arrangement worth £150m.

The firm will now share a work programme over the next year years to deliver up to 500 new homes across the south of England each year for the not-for-dividend group.

The contract forms part of Aster’s wider plans to invest £1.5bn in new homes between now and 2024, including the delivery of a record 1,100 properties during 2017/18.

Aster’s schemes comprise a mix of open-market sale, shared ownership, affordable and social-rented housing. It reinvests profit into building more housing schemes.

Tony Clifford, assistant development director – construction and technical at Aster Group, said: “We are increasing the number of homes we build every year and our footprint continues to expand across the south of England.

“We have recognised that by working closely with the right number of contractors who share our vision we can build strong long-term partnerships that will support Aster in delivering more land-led opportunities over the coming years.

“These partnerships complement the delivery of our section 106 developments and support our vision that everyone deserves a home.”

 

Last month, Aster announced a reshaping of its senior development team as part of its ambitious house building programme. The new team includes director of development and sales Jane Gallifent, who joined from Clarion Housing Group.

Aster’s current land-led schemes include 38 homes at a site in Hambleton Avenue in Devizes, Wiltshire and 36 homes to be built in Tadley, near Basingstoke.

The group is the preferred bidder to build 109 properties in the Bargates area of Christchurch, Dorset, and recently completed the 94-home Finn Square development in Weymouth, Dorset.

Latest news

Keltbray fine increased to £18m after failed bid rigging appeal

Contractor loses penalty discount for settling with competition authorities
2 days ago

Luxury house builder goes under with 70 job losses

Octagon Developments in administration after 40 years in business
2 days ago

Top Ten best read stories of 2024

The biggest headlines of an eventful year. Have a good one and here's to a successful 2025
3 days ago

BAM Nuttall fined £800,000 after concrete skip tragedy

Young labourer killed by falling bale arm
3 days ago

Keltbray infrastructure business reveals new name

AUREOS means "new dawn" after private equity acquisition
3 days ago

Stiffer fines for over-running street works from next Summer

Cash raised from lane rentals to be channeled into pothole repairs
3 days ago

£113m Basildon rental homes scheme seals build finance

Work expected to start early next year on Market Square project
3 days ago

Notting Hill Genesis seeks more tier 1 repairs contractors

London housing trust seeks eight firms for new £1.5bn repairs framework
3 days ago

Reclaimed steel oil rig columns worked into London office revamp

Curo will use reclaimed bricks and steel for Fitzrovia office overhaul
3 days ago

CITB delays levy approval consultation

Levy agreement talks pushed back by ongoing review into effectiveness of training body
3 days ago

Ofwat approves £104bn water industry spending plan

Household water bills to rise by 36% to fund quadrupling of investment
4 days ago

Costain/ Siemens JV clinches HS2 power supply job

£300m deal for HV power supply systems over the 225km route
4 days ago

Demolition team assembles on Multiplex London Wall site

Erith to start work next month at Deutsche Bank's former headquarters
4 days ago

Norwich Council acts to revive £300m Anglia Square scheme

Council uses Homes England funding to buy stalled site with planning for 1,100 homes
4 days ago

Go-ahead for 4,500-home Cambridgeshire new town

Waterbeach new town plan stalled three years ago after an Environment Agency objection
4 days ago

Henry Boot to take total control of Stonebridge Homes

Deal worth at least £30m
4 days ago

HS2 costs could hit £66bn

Government looking for next estimate to be lower
4 days ago

Mace to close construction logistics arm

Specialist business being wound down
5 days ago

National Grid to invest £35bn over next five years

Plan set out for record investment in electricity transmission infrastructure
5 days ago

Profits double at Barhale

Civils specialist sees order book top £1bn
5 days ago

Balfour wins 68km HV underground power cable deal

Main works to start next year on Eastern Green Link 2 job
5 days ago

Stunning site wrap unveiled on Sloane Street

Hoarding creates illusion of fully formed façade on £53m Galliford Try job
5 days ago

Heathrow Airport upgrade spend takes off again

Airport operator will spend £2.3bn over the next two years
5 days ago

Government buys back over 36,000 military homes

Public ownership deal to release wave of upgrade and new build work
6 days ago

Story Contracting staff braced for rail job losses

Work coming through slower than expected from Network Rail
6 days ago

Ballymore submits two plans for 3,700 East London homes

Construction could start in 2025 on Thames Road and Knights Road schemes
6 days ago

Blackpool council steps in on failed developer’s £300m scheme

Blackpool Central site clearance to start in the New Year as hunt starts for new developer
6 days ago

Brookfield submits retro-first London office plan

Milton Gate plan for Square Mile will hike space by nearly 50%
6 days ago

Bowmer + Kirkland gets start date for £100m Siemens site

Construction to begin early next year on Chippenham scheme
6 days ago

Torsion sells under-construction Leeds BTR scheme

Concrete frame due to start soon on 300-apartment complex
6 days ago

Contractor services