Living Space Housing has concluded its second year of physical trading, hitting a turnover well in excess of £21m.
The Solihull-based affordable housing specialist launched to the market in 2019 and is currently constructing seven residential developments across middle England, with a number of additional sites in the planning system. The combined construction value of its development portfolio is in excess of £72million, which equates to 580 affordable houses, apartments and bungalows.
The company’s active management of its whole supply chain has enabled the rapid growth, with construction pausing for only three to five weeks during the first national Coronavirus lockdown in spring 2020.
Steve Davies, Managing Director of Living Space Housing said: “The affordable housing sector was impacted more significantly than the residential market as a whole in 2020, with the number of new homes delivered down by a third from the previous year. By working very closely with our supply chain we have been able to minimise the disruption brought on by the pandemic and break ground on a new site every few months. We reassessed our business plan in mid-2020 and committed to significantly increase our production output to help to meet the unprecedented demand.”
Living Space’s seven live developments comprise 51 homes at its flagship Malvern Oaks scheme in the village of Cradley, on the outskirts of Malvern, Herefordshire, which is being developed in conjunction with leading affordable housing provider Stonewater. Another 48 homes are being constructed for Stonewater at the former Victoria Carpets Sports Ground in Kidderminster. 26 homes located off Britannia Way in central Telford, Shropshire are currently being delivered for Accord Housing Association. Elsewhere in Telford, 38 homes located off Park Road in the Malinslee ward of the town, and 39 homes on former Homes England land at Majestic Way are being delivered for The Wrekin Housing Group. 40 affordable homes are being constructed for housing provider Paradigm on a site off Oak Farm Drive in the Oxfordshire village of Milcombe, while 36 homes are being constructed in conjunction with Hightown Housing Association in the village of Moggerhanger, Central Bedfordshire.