Hounslow council-owned company names property exec Steven Wild to run its housing arm
Council-owned services company Lampton Group has appointed industry executive Steven Wild to be managing director of its housebuilding arm, Lampton Homes.
Wild, who comes to the business after five years at development management firm F3 Group, will pilot the Hounslow council-owned business in plans to buy up local authority sites to deliver a mix of affordable and private homes.
Wild’s first task will be to oversee Lampton’s flagship 176-home New Road Triangle scheme, which is earmarked to complete early next year, and will comprise 124 homes for social rent and the rest reserved for key workers.
Lampton said Wild has been a property industry executive for 27 years, in which time he has been responsible for bringing forward 1,700 homes and managing portfolios of more than £350m. He has previously held positions at The Wilky Group, Leander Property and Newham council, as well as running his own developer, Reality Homes.
Lampton Group was set up by Hounslow in 2012 with the objective of trading local authority services at a profit, and returning any surpluses generated to the council. It currently has a recycling, greenspace and housing business, which is itself split into development and investment arms.
The council in 2016 identified 11 sites with capacity for up to 844 units, of which 40% will be affordable housing to a locally based Registered Provider, 40% private sale, and 20% private rent, sold to the investment arm.
The investment arm has been set up to acquire up to 175 second-hand properties and up to 273 new build properties for the use of market rent.
Martin Cresswell, Lampton Group executive chair, said: he was “very excited” to welcome Wild to Lampton Group, given his “proven track record and decades of industry experience”.
“Providing access to stable housing is at the very core of the Homes business and Steven will be key to delivering on this goal,” he said.
No comments yet