Monday, January 12, 2015

News: Keepmoat secures further regeneration contracts

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Keepmoat, the Doncaster-based affordable housing and community regeneration specialist, has boosted its £1.3 billion social housing regeneration order book after winning a number of contracts across the UK.

Acquired at the end of 2014 by private equity firm Sun Capital and investment funds managed by TDR Capital LLP, the firm operates a regeneration team at offices in Manvers, Rotherham that was previously known as Bramall Construction.

The Regeneration business had revenues for the year to March 31 2014 of £721m, and is focused in areas such traditional refurbishment of housing; new build housing and education.

One major contract sees Keepmoat appointed to work with Hull Council to deliver 4,000 new homes. The joint consortium known as KSHP, consists of housing developers Keepmoat Limited and Strata Homes Limited along with affordable housing provider Home Group Limited and commercial property specialists, Priority Space.

This newly appointed consortium will deliver one of the city's largest, most wide-spread and longest housing regeneration programmes, bringing private investment in excess of £500 million to the area over a 13-year period.

In the North East, Keepmoat has secured a further three contract worth an estimated £11m with Your Homes Newcastle (YHM). Keepmoat is to undertake the remodelling of the Blakelaw Estate. Investment in the estate will reach £2.2m and will see Keepmoat take on the remodelling work that includes re-roofing, demolition, rendering and highway works in a bid to redevelop the area.

Also in Newcastle, Keepmoat has been selected to build 42 new affordable bungalows in £2.2m project and 65 new build apartments in a £5.5m project.

Keepmoat Regeneration has also recently been named on the latest Contractor Framework Agreement from the Nottingham Community Housing Association.

The four year framework enables named contractors to bid for an estimated £100m of construction work. Projects are set to include the detailed design, construction, improvement, conversion, completion and commissioning of new build mixed use housing developments across a number of areas and may also include the development of community related facilities, individual projects and associated infrastructure works.

Keepmoat website

Images: Keepmoat

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