Joint venture plans housing construction jobs

27/06/2011 16:00:00

Willmott Dixon and Savills have entered a new joint venture to deliver private rented housing, which could stimulate construction recruitment across the country.

The two firms intend to form regional partnerships with local public sector bodies and private sector landowners to build homes on land that would have otherwise gone undeveloped.

In particular, they aim to carry out construction work on private rented housing for people excluded from home ownership but ineligible for social housing and in locations where there is a shortage of good quality rented housing available.

Andrew Telfer, managing director of Willmott Dixon Regeneration, commented: "We hope it becomes an attractive means to provide much needed housing for the skilled young professionals that local authorities want to retain."

Earlier this month, Willmott Dixon released new figures showing that the construction group had made a turnover of £989.5 million for the 12 months to the end of Decmber 2010 and that it currently had over £1 billion of construction jobs on its order books.

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