Housebuilder October 2018

Stephen Teagle, Galliford Try Partnerships
partnerships
THE
INTERVIEW
With Thames Valley Housing, GT Partnerships is
delivering 975 mixed tenure homes in Canning
Town, east London
THE
Housebuilder meets Stephen Teagle, boss of
Galliford Try Partnerships, in London shortly
after the release of the group’s trading update
ahead of its full year results. The indicators are strong for
the Partnerships business; Teagle, approachable, is in
good spirits. And the continuing kind weather means a
warm seat outside.
Teagle became ceo of Galliford Try’s Partnerships arm
in 2016 after joining the construction and housebuilding
firm 12 years ago. With a background in regeneration and
affordable housing – his initial post in GT was contracts
– his credentials soundly fit the role. GT Partnerships
and Regeneration works closely with local authorities,
housing associations, Homes England and private sector
investors
INTERVIEW
to produce mixed tenure (including private
housing) communities. Joint ventures –
underpinned by long term partnerships
– are a strong theme.
There are other housebuilders
inhabiting similar turf. But,
Teagle points out amiably, GT
Partnerships has coverage
throughout England – “from
Newcastle to Penzance”. He
leans forward to emphasise
his point, a trait that quickly
becomes apparent.
Working in different
geographic markets allows
the business to gain a
rounded knowledge,
spread risk and gain
Continued on
page 18 4
Schemes
Galliford Try Partnerships has various schemes
underway, in joint ventures or partnerships.
On behalf of Opal, a jv between the division and
Thames Valley Housing, the business is delivering
975 mixed tenure homes at the Brunel Street
Works site off Silvertown Way in Canning Town,
east London. Originally purchased by the London
Development Agency so that an underutilised site
could be regenerated, the land was passed to the
GLA which, under the direction of previous mayor
of London Boris Johnson, selected Opal through the
London Development Panel to deliver a residentialled
scheme on the site. Separately, GT Partnerships
is also active on Homes England’s Delivery Partner
Panel 3 which procures work to create residential-led
development on public sector land.
The Canning Town homes will be built across five
distinct blocks, ranging from nine to 26 storeys in
height. They are split a third affordable, a third
PRS and a third outright sale. “That allows us to
have forward visibility; with two thirds sold that
provides return on capital and reduces the risk
for homes for sale,” Stephen Teagle says. “It’s an
excellent balance of optimising our commercial
position and delivering homes at pace.”
In partnership with Liverty, (formerly DCH) a south
west developer, the division is set to develop 180
new homes at Kingfisher Green, in the community
of Cranbrook, east Devon. The scheme will consist
of a range of one to four-bedroom homes including
54 for shared ownership and social rent and 126 for
open market sale under the Linden Homes brand.
At the Blackberry Hill hospital site in Bristol,
the company is delivering 346 homes, with 100
affordable and open sale homes in a mix of houses
and apartments.
And at another London site, Ferry Lane in north
London, the division is undertaking a scheme of 479
homes in total. These will all be wholly owned and
managed as PRS units with L&G in involvement. GT
Partnerships says that 85 of the homes which will be
classed discounted affordable PRS for local residents.
housebuilder october 2018 17