Developing quality new homes to address the housing crisis and create investment in local communities
Hive Homes is a unique ‘profit for purpose’ development joint venture set up by ten GMHP members and the Greater Manchester Combined Authority to develop high-quality new homes for sale on the open market across the city region.
The aim of Hive Homes is to support GMCA’s Housing Strategy, helping address the acute shortfall of housing in Greater Manchester, and to support people and communities by sharing any profits among the JV partners to be invested locally.
All revenue generated from building and selling new homes is returned to the partnership for them to use in creating and supporting more social housing. To bring further local benefit, Hive Homes’ supply chain is made up almost exclusively of North West-based businesses, most of which are SMEs.
As an agile partnership with extensive knowledge of the local property market and a combined 40 years’ experience building quality homes across the North West, Hive Homes can quickly mobilise and work closely with local authority partners to bring new sites to market.
A flexible approach also means Hive Homes can meet the needs of different Greater Manchester boroughs and their strategic housing ambitions, not only developing market housing aimed at first-time buyers, growing families and single homeowners alike, but also social housing, or intermediate offers such as shared ownership.
As of autumn 2021 Hive Homes has planning secured on 178 homes and is in pre-planning consultation on a further 589 homes.
target delivery of new homes in first five years
new homes expected through current secured opportunities
‘kickstart’ investment from GMHP members and GMCA
new developments on site during 2021/222
The UK is in the grip of a housing crisis, and Greater Manchester is among the worst affected regions. Hive Homes is part of our response. It’s about delivering clear additionality; contributing more to Greater Manchester’s housebuilding activity, providing homes of all sizes and tenures, and adding to what GMHP’s investor members will develop independently. Hive Homes demonstrates GMHP’s commitment to a successful regional economy, as well as clear, measurable added value.