White Rock, Paignton
Joint venture: working with Galliford Try to boost development
FTSE-250 house builder and construction group Galliford Try has joined forces with us in an innovative joint venture that will enable us both to build more much-needed new homes.
We formed a limited liability partnership with Galliford Try called White Rock LLP to pool our expertise, resources and funding.
With both companies holding a 50% stake, Aster brings extensive experience of delivering housing of all tenures and has strong connections across the South of England. Galliford Try’s specialist house building company Linden provides experience in delivering large-scale, diverse, new-build developments across the UK.
The joint venture has already led to the construction of 350 new homes at a development of the same name - White Rock - near the seaside resort of Paignton, Devon.
Launched in January 2015, the development provides one and two-bedroom apartments, two-bedroom coach houses, as well as two-, three- and four-bedroom homes, offering choice to suit all budgets and lifestyles. It also includes open space, allotments and sports facilities.
Around 1,500 jobs have been created locally as a result. And, working closely with the Construction Industry Training Board (CITB), the partnership has established a specialised training and education hub at White Rock to support apprentices, schools and colleges.
Through White Rock LLP we are already committed to delivering a further 380 new homes over the next six years and we are working through additional sites to add to the portfolio.
The joint venture was ‘highly commended’ in The Best Partnership category at the prestigious National Housing Awards.
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If you wish to discuss our development programme or if you’d like to speak to us about a partnership opportunity then please get in touch. We'd love to hear from you.