This year, in a new initiative for the all-new RESI Convention, Property Week has launched Joint Victories – our search for the best residential-led public-private joint ventures, sponsored by Maslow Capital and Whittam Cox Architects.
Entry was open to developers, housebuilders, local authorities and housing associations, and we were looking for truly outstanding schemes that have brought about positive change in their communities.
The two winners will be selected via a live vote at the RESI Convention, which takes place on 12-14 September at the Celtic Manor Resort in Wales, and unveiled at the gala dinner - book your place to see the winners unveiled live here.
Here, the 11 shortlisted joint ventures explain in their own words why they think they should win.
Countryside and L&Q
Acton Gardens is a £600m joint venture between Countryside and L&Q – in partnership with Ealing Council that is transforming the architecture, fortunes and reputation of South Acton.
Some 1,800 existing homes are being replaced by 2,850 high-quality new homes over a 15-year period on a tenure-blind basis across 21 development phases. An impressive 50% of these will be affordable.
Countryside, L&Q, Ealing Council and the local community say they are working in partnership to build a place that people will love for generations to come.
They are already winning over local residents. Before regeneration began, 80% of existing residents wanted to leave the estate. Now 94% have requested new homes at Acton Gardens.
Cheyne Capital and South Yorkshire Housing Association
The partnership between Cheyne Capital and South Yorkshire Housing Association (SYHA) was formed in 2016, in a first-of-its-kind agreement that saw a housing association and private sector capital working together to deliver an ethical, affordable private rental housing development. The venture had an ambitious aim – to deliver one of Sheffield’s most innovative, mixed-tenure schemes and, in doing so, unlock a decade-long stalled development site by investing £25m to enable the construction of 225 new homes and contribute to the broader regeneration of Sheffield.
The success of this project has provided a blueprint for future ventures between SYHA and Cheyne and, more widely, for delivering high-quality housing across the country that will be affordable today and in the future.
Mount Anvil and FABRICA by A2Dominion
Keybridge is a landmark mixed-use development on the former BT Telephone Exchange site on South Lambeth Road, Vauxhall. Delivered by Mount Anvil and A2Dominion Group, working in close partnership with Lambeth Council, Keybridge will provide 595 mixed-tenure homes and more than an acre of new public gardens and spaces. The development also features around 95,000 sq ft of commercial retail space, generating 500 to 1,000 new jobs for the area.
The final phase, Keybridge Capital, will expand neighbouring Wyvil Primary School into a four-form entry school creating 360 new school places (12 new classes) and deliver 125 high-quality mixed-tenure homes.
Mount Anvil, A2Dominion and Lambeth Council have worked collaboratively and creatively to provide a mixed-use development comprising private and affordable apartments, a new primary school and improved public realm.
Mount Anvil and Clarion Housing Group
Lexicon offers 307 homes (more than one third of which are affordable), 6,800 sq ft of commercial space, a new public piazza and enhanced canal-side public open space.
A joint venture between Mount Anvil and Clarion Housing Group, Lexicon has created an inviting new community in Islington while kickstarting the regeneration of City Road and opening it up to the City Basin and Regent’s Canal.
Clarion Housing Group and Mount Anvil share a vision for schemes that deliver a lasting legacy, driven by excellent design.
The partners worked collaboratively and creatively to deliver this high-volume residential scheme, and as equal equity partners, the JV structure enabled the sharing of risk, knowledge and management skills.
The project has been so successful that Clarion Housing Group and Mount Anvil are working on a second joint venture development in Fulham, called The Landau.
Myatts Field North
Pinnacle Group and John Laing Group
The 50/50 joint venture – called Regenter – between Pinnacle Group and John Laing has delivered a £200m-plus housing-led estate regeneration scheme, in partnership with the London Borough of Lambeth, that has transformed the Myatts Field North community from an isolated and heavily stigmatised estate into a mixed, balanced and sustainable new neighbourhood.
The project has delivered 980 homes of which 357 are new market homes for sale, 305 are new council homes for social rent and 146 are new shared ownership homes. There are also are 172 refurbished council-owned homes for social rent that the partnership says are to a ‘decent homes plus’ standard.
The project also boasts new green space and public realm that includes a multi-use games area, allotments, play areas and a 4.2 ha park.
Urban Splash and Places for People
In 2013, an exciting and transformative property coalition was formed when award-winning regeneration company Urban Splash and Places for People, one of the largest placemaking and regeneration companies in the UK, committed to work in a joint venture.
This fusion of great businesses and skills coupled with Urban Splash’s design prowess and Places for People’s management capabilities – plus a balanced 50/50 approach – have resulted in the delivery of vibrant, mixed-tenure communities.
The strength of the partnership and its ability to work with other entities such as local authorities underpin its successful placemaking agenda.
The partnership has already delivered 300 homes with more than 2,000 in the pipeline – 260 of which have been created at the iconic Park Hill site in Sheffield.
Real Lettings Property Fund 2
Resonance and St Mungo’s
The Real Lettings Property Fund 2 is a property investment fund that helps people at risk of homelessness to become more independent by linking stable housing to positive development in other parts of their lives.
The fund is run by social impact investment company Resonance, in partnership with homelessness charity St Mungo’s. The fund is the first of its kind in the UK and, to date, has improved the lives of 1,410 people (including 717 children) who were in temporary accommodation or B&Bs by purchasing more than 130 properties in Greater London.
The partnership delivers quality housing that has been renovated to a high standard, with rent set at the same rate as local housing allowance.
The fund has already been rolled out to other cities including Bristol, Oxford and Milton Keynes. Its long-term aim is to deliver homes in more cities.
Slough Urban Renewal
Morgan Sindall Investments and Slough Borough Council
Slough Urban Renewal (SUR) is an innovative 50/50 joint venture between Morgan Sindall Investments and Slough Borough Council.
It says its aim is to transform the borough for everyone. To that end, together, the partners are creating iconic buildings, new homes, open spaces and social infrastructure.
In the past two years, SUR has completed 14 projects worth more than £100m and it currently has five schemes under construction. In total, the team is working on 22 projects, ranging in value from £2m to £600m.
SUR boasts a portfolio that is truly mixed-use and includes exceptional residential, commercial and retail developments alongside health, education and leisure infrastructure.
Completed projects include The Curve, an award-winning library and cultural centre, incorporating a theatre and performance space, Slough Museum and other amenities to bring the community together.
LIV Group and Stoke City Council
Stoke City Council, BTR specialist LIV and regeneration developer Genr8 have worked together to create an outstanding BTR scheme.
Designed by architects Cartwright Pickard, the scheme will deliver 277 private rental homes and represents the largest single apartment development in Stoke-on-Trent.
As the first BTR development in Stoke-on-Trent, the scheme has set the benchmark for high-quality city living developments in subregional cities across the UK.
The scheme includes amenity provision for residents ranging from social rooms and a roof terrace with barbecue facilities to a private landscaped courtyard.
The first residential block will deliver 151 apartments and is now on site with an anticipated completion date of the end of 2019.
The Packington Regeneration Partnership
Hyde Group and Rydon
The Packington Partnership is an innovative 50/50 joint venture between Hyde and Rydon, which has worked with the residents of the Packington Estate to replace 538 structurally defective social housing flats with a new development of 791 mixed-tenure homes. This includes 462 new social rented houses and apartments which are being cross subsidised via the development of 300 open market sale apartments, along with 29 shared ownership homes and new infrastructure including a new community centre, a youth centre and shops, all of which helps to create a vibrant new neighbourhood.
By involving the existing residents, through a formally constituted resident board, tenants and leaseholders have the power to influence design, challenge decisions and monitor performance.
Phase 4 of the project has seen the completion of the southern end of the masterplan delivering 162 units, comprising 74 social rent, six shared ownership and 82 for-sale units in a mixed, tenure-blind building, centred around a new public square.
The Scene, Walthamstow
Hill, Waltham Forest Council and Islington and Shoreditch Housing Association
The Scene is a joint venture between Hill, the London Borough of Waltham Forest and Islington and Shoreditch Housing Association. The project partners have revitalised a redundant brownfield site in the heart of Walthamstow to deliver modern, sustainable apartment living, offering 48 homes for private sale and 73 for affordable rent and shared ownership.
The development has redefined Walthamstow as a new leisure destination for north-east London by also delivering a new purpose-built 1,200-seat nine-screen Empire Cinema and five new commercial units including Nando’s, Turtle Bay and Pizza Express restaurants.
Walthamstow town centre has been transformed by the arrival of The Scene, which has already established itself as a vibrant, award-winning residential and entertainment hub.
Make your vote count
To vote for your winner, you need to attend the all-new RESI Convention on 12-14 September at the Celtic Manor Resort in Wales. The two winners will be decided by delegates and unveiled at the gala dinner on Thursday 14 September. The event, which has an umbrella theme of ‘Debate. Diversity. Delivery’, boasts a stellar speaker line-up and our strongest agenda to date. To find out more go to www.resiconf.com. To book your ticket go to www.eventbooking.uk.com/resi. We hope to see you there!