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Duke of Westminster’s for-profit launches £100m call for sites
The Duke of Westminster’s for-profit registered provider, Grosvenor Hart Homes (GHH), has launched a call for sites in an £100m acquisition drive for hundreds of homes in the North West of England.
Duke of Westminster’s for-profit launches £100m call for sites #UKhousingThe Duke of Westminster’s Grosvenor Hart Homes for-profit has launched a call for sites in an £100m acquisition drive for hundreds of homes in the North West #UKhousingGHH is aiming to expand its portfolio to 750 homes, with a focus in the North West.
The for-profit, which bills itself as a social enterprise, is seeking to engage with private developers, contractors and other registered providers to expand its portfolio in Merseyside, Cheshire, Greater Manchester and South Lancashire.
GHH’s preferred properties are tenure-blind, well located near amenities and scheduled to be built within the next 12 to 36 months. Different acquisition options are available depending on circumstances.
GHH was launched in 2023 and combines homes with employment support, well-being support and mental health support to improve the life chances of vulnerable children, young people and their families.
It employs a specialist team with expertise in housing, children’s social care and mental health to help address barriers to employment, financial stability and health education.
GHH said it is on course to save the public purse £2.3m since the start of its pilot programme in Chester with Cheshire West and Chester Council, which provided social housing to 11 families and care leavers.
The partnership delivered 29 newly refurbished flats and houses in Chester’s city centre at the beginning of 2024 and expanded its portfolio later in the year with 19 three-bed and 21 four-bed newly built properties in Ellesmere Port.
The for-profit plans to make significant investments over the next 10 years to provide more homes in Chester, the North West of England and central London.
It aims to support 2,000 children and provide £100m in public savings over the next decade.
Helen Keenan, chief executive officer at GHH, said: “In just a few short years, we have demonstrated that our approach can be life-changing for residents and generate significant savings for the state.
“We are well capitalised and have ambitious plans to sustainably grow our model.
“I would encourage prospective partners who share our philosophy to engage with us and help us deliver our pioneering housing and support model.”
GHH is part of the Duke of Westminster’s property company called Grosvenor, which reported underlying profits of £86.4m in 2024, driven by rising rental income.
The company, which is one of London’s “great estates”, owns £8.2bn of property including offices, flats and shops in Mayfair and Belgravia in London.
Its Mayfair estate includes 700 affordable homes, which are all let to housing association Peabody, and 500 market rent homes.
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