Elivia Homes signs £500m deal with Seaward Properties
Octopus Investments-backed Elivia Homes has formed a partnership with Seaward Properties to deliver 1,000-homes with a total GDV of £500m.
The partnership will be known as Seaward Strategic.
Elivia plan to triple in size by 2027 to a £350m turnover business, delivering over 1,000 homes per year in locations across the South East.
Octopus Investments-backed Elivia Homes has formed a partnership with Seaward Properties to deliver 1,000-homes with a total GDV of £500m.
The partnership will be known as Seaward Strategic.
Elivia plan to triple in size by 2027 to a £350m turnover business, delivering over 1,000 homes per year in locations across the South East.
Elivia has also acquired Seaward’s portfolio (part of which, pictured above) and grown its land pipeline to a GDV of over £1.5bn.
Elivia said the additional portfolio underpins its future growth plans by securing longer-term cashflow certainty and reflects its continued investment in strategic land and expertise in land promotion and planning.
Seaward Properties, based in Chichester, has been a developer of both commercial and residential developments in the South and South East of England since 1972.
The company said its partnership with Elivia reflects a commitment to further enhance the speed and certainty of delivering planning consents for the land owners it represents.
Elivia currently has 11 new sites at varying stages of planning across West Sussex, Hampshire, and Dorset, with developments ranging from 20 to 200 homes.
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Image © Seaward Strategic
