Strong interest reported for landlord's £88m JV
A landlord has reported strong interest from potential partners to create an £88 million joint venture company.
The Calico Group – which owns or manages 4,500 homes – is looking to set up a JV with an external partner to carry out investment work and house building.
The group hopes the JV – which will be a subsidiary of Calico Homes - will do work for both Calico and other clients over a 10 year period.
Responsive repairs and voids work will continue to be provided by the landlord’s existing in-house workforce.
Michael Birkett, Calico’s chief executive, said: ‘It is critical we continue to adapt and respond effectively to our changing operating circumstances, and especially the tough fiscal environment.
‘We’re looking for an innovative partner to help deliver a quality service to Calico Homes, and strong commercial growth for the benefit of the group.’
The procurement process is currently being handled by Valueworks, and the contract will be awarded in the early summer.
Calico said it was keen that the JV complements its existing work in helping people obtain training and apprenticeship employment opportunities.
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Readers' comments (1)
Animal Magnetism | 27/01/2012 7:48 pm
It would be useful to know the extent of resident involvement in the decision making process. It's a pity the article didn't go into this detail.
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