Thirteen Housing Group – a prolific developer in the North East of England – are currently looking to engage with those in the construction industry to develop new homes, and maintain, upgrade and improve their current estate.

Firstly they’re searching for two construction partners to help deliver an ambitious 5-year £100m programme of improvements, upgrades and maintenance across their estate. This would include property refurbishment on complex and high-rise buildings. [emaillocker id=”71749″]

Secondly they’re set to undergo another investment into developing new homes – having secured £100m of capital from UK and US investors – and this private investment will be used to deliver their development programme during the next five years.

This all feeds into a larger £1bn development and maintenance programme over the coming years.

Thirteen Housing Group will be attending and speaking at the official North East Development Conference on January. Click here to register > 

£100m Maintenance & Upgrades

The breadth and complexity of the scope of works to be delivered will require contractor partners to include multi-disciplined and specialist teams capable of providing a one-stop shop service. Firms have until the end of January to return pre-qualification documents and therefore the North East Development Conference offers a great chance to hear what they’re looking for in their search.

Shortlisted bidders will then be sent tender documentation in February.

£100m Capital Secured

In addition to the continued maintenance Thirteen Group has secured an additional £100m of capital from investors – to help develop new homes.

Heather Ashton, Executive Director of Resources, said: “This is fantastic news for Thirteen as it means the company has secured long term funding at a very low, fixed cost that will help it to realise its growth and development ambitions. We’re really pleased with the feedback we received from investors throughout the process. It was extremely positive and their confidence in our management and governance has resulted in a fantastic outcome for our first private placement.”

Ian Wardle, Thirteen’s Chief Executive, said: “Over the next five years, we’ve pledged to invest more than £1bn into improving homes for existing customers, building new homes, making improvements to neighbourhoods and delivering support services offered to customers. By broadening our funding base in this way, we can continue to invest in existing customers as well as building the new homes that future customers want and need.”

Come and hear how you and your company can get involved in these future projects at the North East Development Conference >

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