Hyde looking for partners in £2bn housebuilding programme

Hyde housing association has launched a search to find partners to help it build 11,000 new homes over the next five years in a £2bn construction programme.

The London-based group currently operates around 50,000 homes across the south-east of England.

Hyde said it anticipated building around 11,000 dwellings of mixed tenures between now and 2024 and was seeking partners who had experience of delivering mixed-tenure schemes and “providing added value”.

In a contract notice, Hyde said the work would be sub-divided into eight lots worth between £5m and £250m each, and the entire workload could be handed to one contractor, depending on the success of their bid.

Hyde said the scope of works required would vary from contract to contract, but the overall programme primarily covered new-build residential works, “with the possibility of some ancillary retail and commercial development”.

Speaking to Housing Today, Guy Slocombe, Hyde’s business development director, said it was planning to build the homes across London, the South-east and East of England.

Companies tendering for the work have until 5pm on 13 September to submit bids.

Slocombe said: "Evaluations will start in mid-September. We expect that it will take eight to 10 weeks to carry out evaluations and conclude the contracting so anticipate that the framework will be live at the end of November or early December."

Hyde also announced that thanks to its partnership with government housing delivery agency Homes England it was able to offer all 104 homes on a new scheme in Hove, on the South Coast, for affordable rent or shared ownership.

Slocombe said the original plan had been to provide 40% of the homes for affordable sale and rent.

“However, the grant funding from Homes England means 100% of the homes will be affordable.”

There will be 60 homes for rent and 44 for shared ownership, with a mixture of one-, two- and three-bedroom flats and three- and five-bedroom houses.

The development, which is on the site of old industrial units and is expected to be completed by the autumn of 2021, will also feature office space, available to let by small and medium-sized local businesses.