PLACE RESI MARCH 2017

Paul Westhead –Head of New Business - Development

Introducing THT

A Force for Good

Profit for Purpose

Providing more excellent homes and services

Eradicating poverty

Creating maximum social impact

We are a force for good

driven by social justice

inspiring people and neighbourhoods

to be the best they can be

10 years and counting…

Stock Transfer

2005

100% Decent Homes by

2011

Power of Ten2015

£££54.4m

turnover

c.£47m

Added value from core activities

and…

9,600 homes£3.5m2005

First home built 2009

8,888

homes£234.8m2015/16

Investors in People

GOLD

83%

customer satisfaction

V1/G1

HCA rating

To strive for a society transformed, free from poverty, inequality and injustice

Structural:The inherent social impact of THT’s main activities: Social housing, sheltered accommodation and developing properties.

Complementary:The impact generated by the businesses consciously shaping their activity to create social impact which would not otherwise have been generated

Additional:The added extra, the difference between what a social landlord might reasonably achieve through its ‘normal’ work and what THT seeks to achieve in its Vision and Purpose

- £792k invested in 166 community projects, enabling 21,664 people to participate

- With consistent focus on VFM and investing in growth, every £1 we spent, benefits the community by over £4

- This means the total value of our social return in 2015-16 was £46.8m

Developing award-winning new homes

Delivered – (Apr 16) 381 New HomesAffordable - 247Shared Ownership - 109 Open Market Sale – 25

On-Site: 313 New Homes

Planned/In Progress: 1344 New Homes

Established THT Developments Ltd (THTD) in 2014 – profit for purpose

Launch of successful Laurus Homes brand – selling off-plan OMS housing via an in house sales team

Delivering the full spectrum of tenure including a diverse affordable programme and extra care

Mixed use developments - health, community and retail and leisure

Joint Venture with Wates Residential First RP to access GM Housing Investment Fund (HIF) Old Trafford Land Pooling Agreement and Planning

Performance Agreement with Trafford Council THT champions social value via a successful approach

to co-production and added value Strong partnership with HCA

10 years and counting…

Market Sale Developmentof the Year….

Laurus Homes Arcon Place

Limelight – Old Trafford

Comprehensive redevelopment of Shrewsbury St Community centre into ;

81 Extra Care facility ; GP led heath centre, library, community centre, café and churchWorking in partnership with; TMBC ; Trafford CCG ; HCA ; St Brides and the Community

Joint Venture Activity

First JV Development with Wates Residential at Timperley – 33 Houses and 29 Apartments currently under construction.

GM Housing Investment Fund

First RP to have HIF funding approved ; Funding utilised to bring forward a 41 home scheme in Altrincham. Scheme complete & HIF repaid within 15 months.

The Wider North West Opportunity Area

Trafford

Blue – current area of primary focusBeige – wider area of search

Merseyside

Cheshire

Lancashire

GM

THT Future…

… a force for good

Other?

Alone?

Merger and Acquisition?

Partnership?

Profit for purpose

Provision of more excellent homes and services

Eradicating poverty

Creating maximum social impact

How do we deliver?

Complexity Scale Pace Reach Independence

? ? ? ? ?

Alone?

Merger and Acquisition?

Partnership?

Other?

The THT and L&Q Development Partnership…

…it’s not what you think it is…..

L&Q Development Plans

• 100k Homes over 10 Years • £25Bn Development

Programme • 50/50 tenure split between

commercial and social

Quebec Way, Southwark, 368 homes

L&Q’s history -

On 7 October 1963, 32 people each bought a £2 share in the association. 53 years on, that £64 has become a £17 billion social business.

THT and L&Q Developments LLP…

"We welcome this new partnership as another

important player in the team …working to deliver the homes

that communities across Greater Manchester need…”

Cllr Richard Farnell, Lead Member for Planning and Housing, Greater

Manchester Combined Authority (GMCA)

“…the most exciting development in the way

associations generate new supply”

David Orr, CEO,National Housing Federation

… is a game-changing partnership for housing

THT and L&Q Developments LLP…

2000 new homes in first 4 years – c. 500/year

1000 (50%) OMS + 1000 (50%) affordable

££ £160m initial investment - £80 million each

50:50 partnership

£ Profit for purpose

Asset holding - creating a legacy

Opportunity to unlock complex sites across GM and North West

The deal…

THT bring:

Local knowledge

Funding

Delivery record

Networks

Local delivery partners

Experienced Development Team

Established Laurus Homes brand

‘Heavy lifting’ THT development at Arcon Place, Altrincham

The deal…

L&Q bring:

Funding

Delivery record

Heritage and influence

Large-scale experience

Partnership experience

Processes

L&Q development at Barking Riverside London

The deal…

Together…

Shared values

Like-minded

Shared ambitions

Shared risks and rewards

Shared learning

Big opportunities

Increased affordable homes supply

Large scale regeneration (inc. infrastructure)

Unlock complex/stalled sites

New products and services

Increased influence

Significant social impact

FANTASTIC DEVELOPMENT

Not just THT and L&Q …

You

… we want to work closely with…

HCA

Developers

Contractors LAsGMCA

LandownersRPs

PropCosDCLG

Watch this space…