Housing crisis prompts real estate company’s latest expansion
Real estate firm HSPG has opened a new office in Leeds, its third across the country.
It says this reflects the growing demand for affordable and social housing in Yorkshire and the North of England.
HSPG’s staff numbers have doubled in the past two years and the business opened a Soho London office in April 2021.
The company explains its expansion aims to tackle a historic north-south disparity in housing construction and provision over the past three decades.
It notes that over the past 30 years, almost 23% of all affordable housing delivered in England has been in the South East, leaving many northern areas to fall behind. As a result, there are over 23,000 people on waiting lists for social housing provided by Leeds City Council.
Guy Horne, CEO and co-founder at HSPG, said: “The Leeds office is a very exciting and necessary development in the HSPG journey and reflects our strong growth over the past two years.
“It’s no coincidence that Leeds has been chosen, the demand for Affordable and Supported Housing in the North-East is huge and the homelessness epidemic is escalating.”
Tom Finch, head of asset management at the company, added: “Our new office in Leeds comes at a dynamic time for HSPG as we aim to expand our portfolio of housing in the North.
“There are over 400 homeless people in Leeds and a further 23,000 waiting for social housing from Leeds City Council.
“We are hoping the opening of this office will allow us to tackle such issues and provide safe and quality housing for vulnerable people in the region.”