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City council's new housing firm seeks joint venture partner

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Bristol City Council is seeking a joint venture partner to develop the first two sites through its new housing company, LGC’s sister title Construction News reports.

The two schemes will deliver 400 homes between them, with an invitation to tender to be launched later this month for a development partner.

Bristol council’s new housing company was approved by its cabinet in September.

The first scheme at Romney House has outline planning permission for 268 homes, with a second dockside scheme in the city centre set to include 120-140 homes as well as riverside commercial space.

Both projects are expected to include up to 40% affordable housing, including social housing and shared ownership.

No values for the two schemes have not been disclosed.

The creation of a development business to take forward housing projects is part of Bristol mayor Marvin Rees’ (Lab) plan to build 2,000 homes a year – 800 of them affordable – by 2020.

The council approved a strategic business case for the housing company in March 2017.

Larger sites are expected to be put forward through the new company in future, with smaller projects allocated to housing association partners.

The Romney House scheme will see the demolition of a former school and offices in the north Lockleaze area of Bristol, with the new homes comprising a mix of flats and houses.

Commenting on the new housing company, Mr Rees said: “Good-quality housing can contribute to the overall health and wellbeing of people in Bristol.

“Currently demand for housing in the city far exceeds supply, resulting in high rents and house prices.

“We are committed to getting things done and have big ambitions for Bristol.

“Building quality housing is vital to making things happen in the city and improving the quality of life for the people who live here.”

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