Cityheart and HBV Group have agreed a major new joint venture to deliver a pipeline of new-build developments across the UK.
The HBV Cityheart JV will see Cityheart fund an initial pipeline of 10 new HBV Group projects over the next 18 months, with HBV also supporting Cityheart through its public procurement programme to deliver extra care schemes across its portfolio and join its future bids programme. Several care home sites in the North West have already been secured by the joint venture.
Jonathan Wrigley of HBV Group said: “We’re delighted to join forces with Cityheart who we see as the leading public procurement and regeneration specialist in our region. They’ve got an amazing track record of delivery for the public sector. This JV builds on a long-standing relationship between the two organisations and enables both our businesses to expand and fill the gap in the market for high quality new-build accommodation for people who need extra support.
“HBV Group will also support Cityheart on its own pipeline of developments where there are elements of housing with care. Together, we will continue to deliver innovative and progressive schemes and we’re committed to setting new standards across all of our developments. We share the same ethos of creating living spaces that make communities stronger and more connected. This deal supercharges our strong pipeline of supported living schemes across the country which include several sites in the North West.”
Mark McNamee, managing director of Cityheart, added: “We’re pleased to officially confirm our joint venture with HBV Group. This partnership blends the expertise of both organisations in a way that is mutually beneficial and will allow us to grow our operational activities in the care sector. We’re selective on who we choose to partner with and having already established a trusted working relationship with HBV, we are in no doubt that this new strategy will significantly enhance our company’s future growth.”
