New Homes partnership for Aberdeen

March 24, 2016

An article appearing on the Scottish Housing News website reported that Places for People  has signed a pioneering partnership with Aberdeen City council  which will create 2,000 new homes in the city with the potential to build a further 1,000 properties.

The landmark £300m Limited Liability Partnership (LLP) model is the first of its kind to be signed in Scotland and will see homes built across Aberdeen without any government subsidy or grant funding.

David Cowans, group chief executive at Places for People reportedly said: “This deal is transformational. Creating 1,000 new affordable homes for rent will help to transform Aberdeen and the lives of key workers such as nurses and teachers.

“This deal is also transformational for how new homes are delivered in Scotland and provides a blueprint to show that new housing can be built without any Government subsidy or cost to the taxpayer.

“In order to tackle the housing shortage in Scotland and the rest of the UK, public and private sector organisations need to explore new models and new ways of working together.

“The fact Places for People has been chosen for this pioneering partnership is a testament to our track record of delivering attractive, aspirational and sustainable new neighbourhoods across the UK.”

Read the full article on the Scottish Housing News website click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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