One of the UK's largest affordable housing providers, Home Group, has become the first third sector body to commission a cross-company team from the Regional Agent Partnership (RAP), a UK-wide network of chartered surveyors and property consultants.
The social enterprise and charity, which is headquartered in Newcastle, required valuations and an options analysis for a wide-ranging property portfolio that included former depots, residential accommodation and housing offices. As a result of the work, it is now looking to redevelop some of the assets and dispose of a number of surplus assets.
The RAP will be bringing a number of these opportunities to the market for sale in the next few weeks.
The RAP comprises Sanderson Weatherall, Alder King, Ryden, Harris Lamb and Budworth Hardcastle.
Simon Elliot, head of public sector consultancy at Sanderson Weatherall, said: “Home Group is very well-known to Sanderson Weatherall as it has its roots firmly bedded in the North East of England, so we are particularly delighted that it is the first client to commission a cross-company team from the Regional Agent Partnership for a national contract.”
Home Group’s director of asset management Karen Heaney said: “By disposing of these void properties we’ll be able to reinvest funds into existing assets and new development which really helps us to make a difference.”