London desperately needs more homes, especially social and affordable housing. However, it is tough to boost supply. In fact, there are fears the construction industry in general is stalling, with many projects paused. One council is looking to improve things in the years ahead. We want to have a closer look here, then you can rely on us if you need help with guaranteed rent in Lewisham and more.

Agreement

Earlier this summer Lewisham Council agreed to a new partnership with the Hill Group. The latter will become the council’s strategic partner for at least the next ten years (with the possibility for a five year extension). It will be worth up to £1.5bn.

The main idea here is working with one single developer will massively speed up projects. Critically it will reduce red tape and administrative delays, including for things like tendering. This could accelerate the delivery of different types of housing and completion of inclusive regeneration projects.

In addition, it means the council will have greater control over key factors like affordability, quality, and sustainability. All of these are vital for ensuring new homes tick all of the right boxes and maximise the benefits. Speak to us about investments and guaranteed rent in Lewisham.

Positivity

Speeding up the delivery of housing will have a fantastic impact. Significantly, it will benefit local people, particularly those waiting for council homes and currently living in temporary accommodation. Crucially, Hill Group will build the properties and Lewisham Council will have first choice.

Additionally, the partnership will provide other benefits for communities in Lewisham. It’ll create more new jobs and education/training opportunities. This will be great for all sides, particularly at a time when there is a shortage of labour and skilled tradespeople.

Hill Group’s Chief Executive, Andy Hill, had great things to say about the partnership. He said it is an opportunities to combine Hill’s expertise in “regeneration, placemaking and delivery” with a fantastic vision for Lewisham’s future. It will create certainty and ensure efficient delivery.

Speak to us about guaranteed rent in Lewisham

The partnership could have a fantastic impact on Lewisham. Notably, it expands on the good work that is already taking place. Hill Group is currently working on several sites in the borough, delivering hundreds of homes (including affordable, social rent, shared ownership, and market sale).

The key thing here is it could mean faster progress on more new homes and other properties in the years ahead. Investors should keep an eye on this for any opportunities to buy high quality assets in great areas. In addition, remember you can rely on us to help with managing properties and more. If you want to protect your income, we can arrange guaranteed rent in Lewisham and other parts of London.

So, if you want outstanding services, contact us today.