Latest News | 28th October 2024

Housing Growth Partnership appoints former L&G transactions head to open Bristol office and lead South West

-High growth market is characterised by lack of mid-market, long-term equity funding options–

Housing Growth Partnership (“HGP”), the Lloyds-backed equity investor, has appointed Alex Maltby as Investment Director, with responsibility for the South West. Alex will oversee the opening of HGP’s first office in the region, in Bristol, and will lead the team responsible for growing HGP’s footprint across both the SME for-sale and Living sectors.

Alex brings more than 15 years of residential real estate investment and funding experience, in both debt and equity. His previous roles include Head of Major Transactions at L&G Affordable Homes, where he was responsible for structuring, transacting and managing strategic investments, prior to which he was Head of Partnerships at Homes England.

The South West market is one of five that sits under HGP’s regional office model, which enables it to build strong partnerships with trusted developers who are committed to creating social value. HGP’s trusted partners have access to its unique panel of senior advisors who support with construction, design, surveying and marketing advice.

Vic Hepburn, CEO at HGP, commented: “We see the South West, home to some of the UK’s top performing cities, as an important part of our growth ambition. Like most areas of the UK, the region has a critical shortage of homes, coupled with a lack of equity providers with the track record and funding certainty to back regional builders looking to accelerate their development activity.

“We believe that being local is important and where we can, we look to have regional offices, with Bristol now our fifth UK office location. Hailing from the South West, Alex has spent most of his career supporting SMEs and corporates on residential-led schemes, across a range of structures and tenures. I’m really excited about Alex’s plan to build a team and extend our local market support.”

Alex Maltby, Investment Director, South West, at HGP, commented: “HGP’s unique investment approach is a powerful tool for house builders and developers looking to grow their businesses. It’s hugely exciting to be joining the team supporting the delivery of schemes spanning the for-sale, single and multifamily, student and later living tenures, across the region.”

In 2023, HGP passed its target of 10,000 homes funded across the UK, a year earlier than planned as it continues diversify into new tenures and deliver meaningful social impact. Since launching in 2015 with an initial focus on the residential for-sale sector, HGP, which is backed by Lloyds and Homes England, has partnered with 86 developers across 160 schemes, funding the completion of c. 4,200 homes across private for sale, affordable, PBSA, Build-to-Rent, Regeneration and retirement living, and the future delivery of a further 8,000.

Notes to editors

For more information on HGP, please contact:

FTI Consulting

Richard Gotla, Bianca Nicolescu

hgp@fticonsulting.com

 

 

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Authorised and regulated by the Financial Conduct Authority, firm reference number 709515

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