Partnerships boss has ambitions to ramp up number of homes delivered a year, as well as concerns over planning reforms and construction capacity
The “partnerships housing” model continues to be the flavour of the moment at listed housebuilders. Indeed, Countryside’s business has been such a success it appears to be on course to perform what is effectively a reverse takeover of the rest of the company.
The phrase “partnerships housing” is catch-all for residential development done by private firms in partnership – of one form or another – with housing associations, councils and other public bodies primarily concerned with delivering affordable housing. Most commonly, it sees the housebuilder act as development manager and contractor on a site owned by a council or housing association, overseeing the delivery of homes, albeit increasingly housebuilders are bringing the land to the party too.
One of the people at the forefront of the growth of this huge industry is Stephen Teagle (pictured, right). He oversaw the growth of Galliford Try’s partnerships housing business from 2007 until its buyout (alongside Linden Homes) by Bovis at the start of 2020 to form Vistry, since when he has remained in charge as Vistry’s partnerships chief executive.
Housing Today caught up with Teagle at the end of a busy week for both him and the firm, which reported its first ever full year results the morning after chancellor Rishi Sunak’s stamp-duty-extending, mortgage-guarantee-introducing budget.
Already registered? Login here
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:
It takes less than one minute….
… or subscribe for full access - Subscribe now