Developer awarded £2.4m shared ownership contract

BUILDER and developer Seddon has been awarded a £2.4m contract to deliver a shared ownership scheme in Clayton, Manchester.

The £190m turnover firm has been appointed by Adactus Housing Association to deliver 22 homes on a brownfield site on Viola Street.

Adactus – part of the Adactus Housing Group, which owns and manages more than 13,000 properties across the North West – is delivering the scheme with Manchester City Council and the Homes and Communities Agency (HCA).

The partnership between landlord and council is a part of the city’s Residential Growth Prospectus, aiming to help more people to own their home through schemes such as shared ownership. The project is also utilising Affordable Homes Programme funding from the Homes and Communities Agency.

Work on the shared ownership scheme is now underway, and is set to be completed by March 2017.

Duncan Williams, regional housing director at Seddon, said: “With council estimates stating that 10,000 new homes need to be built in Manchester every year, we are delighted that this project with Adactus will help to contribute to that housebuilding drive and get more people onto the property ladder.

“Seddon has a fantastic track record in delivering a wide variety of projects for housing associations, having secured £40 million in contracts in 2015 and appointed to all major frameworks.

“We look forward to working closely with Adactus, and bring our expertise and commitment to delivering schemes that have a profound effect on people and communities throughout this project.”

Click here to sign up to receive our new South West business news...