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Real Estate
In a strategic move to diversify its operations and capitalize on the growing build-to-rent (BTR) market, Weston Group, a prominent UK housebuilder, has announced the establishment of a new partnerships division. This division, known as Weston Partnerships, will focus on developing partnerships and joint ventures across the BTR sector, as well as local authorities, Ministry of Defence (MoD) site disposals, and businesses requiring Modern Methods of Construction (MMC) components for housing delivery.
Weston Partnerships is part of Weston Group's broader strategy to expand into build-to-rent, local authority housing, and other operational living sectors. The new division is designed to collaborate with various stakeholders, including retirement homebuilders, student accommodation providers, and local developers. This initiative follows the successful securing of £150m worth of partnership deals, positioning Weston Partnerships to contribute significantly to the group's future growth.
The division is led by Steve Hatton, Weston Homes' Development Director, who will work closely with Peter Gore, CEO of Weston Group, and Bob Weston, Chairman. The partnership strategy will leverage Weston Group's diverse expertise in new builds, conversions, and offsite construction, supported by its subsidiary, British Offsite. British Offsite operates a £45m robotised offsite factory in Braintree, Essex, capable of producing 4,000 homes annually[1][2][3].
Weston Partnerships has already secured significant agreements in the BTR sector, including a partnership with Royal London Asset Management to develop rental homes at Bracknell Beeches and Town Quay in Barking. These projects will deliver a total of 411 BTR units[2][3].
In addition to BTR, Weston Partnerships has formed alliances with local authorities. A notable example is its partnership with Barking and Dagenham Council (via Be First) to construct affordable homes on a 'turn-key' basis at Town Quay in Barking[2][3].
The division is also working closely with retirement housebuilders, local developers, and contractors needing modern construction components. This includes collaborations with Elkins Construction using British Offsite's UniSystemLB product for multiple projects[3][5]. Furthermore, British Offsite will play a crucial role in a student accommodation project at Orchard Park, Cambridge, developed in partnership with Vertex Living[2][3].
Weston Group's expansion into new sectors is underpinned by its commitment to using MMC techniques, which offer faster construction times and more sustainable living solutions. The use of MMC aligns with the UK's strategy to boost housing supply while addressing environmental concerns[3][5].
The £45m robotised offsite factory enables Weston Group to produce high-quality homes efficiently. This technology supports Weston Partnerships' goal of delivering sustainable communities at scale. By integrating advanced construction technology with industry experience, Weston Group aims to accelerate housing delivery while maintaining high construction standards[1][3][4].
Weston Partnerships is expected to contribute around 25% of Weston Group's overall turnover over the next two years. This significant financial contribution underscores the strategic importance of expanding into the BTR and operational living sectors[1][4].
The forward-funded nature of build-to-rent and local authority deals provides Weston Group with an upfront income stream, enhancing its cash flow and financial stability. This approach is essential in an evolving housebuilding industry where diverse income streams are crucial for long-term sustainability[1][3].
Weston Group's establishment of Weston Partnerships marks a significant step in its strategic expansion into the build-to-rent market and other operational living sectors. By leveraging its expertise in new builds and offsite construction, Weston Group is poised to make a meaningful impact on the UK's housing landscape. The focus on MMC and sustainable solutions positions the company well in alignment with emerging trends in UK housing delivery.
