INDUSTRY NEWS 5
The Future Homes Standard is triggering a ‘clean industrial revolution,’ says Kensa
Octopus Energy Generation-backed ground source heat pump manufacturer, Kensa, and the UK’s leading multi-utility provider, GTC, have welcomed the Future Homes Standard, saying it “helps unlock thousands of orders from Britain’s largest housebuilders.”
The new standard “kickstarts the race to install clean heating in Britain’s new homes and provides the market certainty needed to scale manufacturing operations in the years to come and deliver high quality jobs in Cornwall,” said Kensa. With the Future Homes Standard requiring new homes to emit 75% less carbon against 2013 Building Regulations, housebuilders now need to choose the technologies to deliver this. Kensa said: “While heat pumps will lead the way, a contest is underway to decide which type of heat pumps will dominate for new homes. Grid capacity is a critical factor in this, and GTC’s partnership with Kensa to deliver networked ground source heat pumps as part of a multi-utility model is providing an answer.
“Because ground source heat pumps use consistent, year round, natural warmth from the ground, during peak heating periods they draw less electricity from the grid than air source heat pumps and offer low, stable bills for homeowners.” For housebuilders this technology “unlocks grid-constrained sites, meaning thousands more homes per year can be built,” said Kensa. “Critically, the solution can provide heat, hot water, and cooling with the same power requirements as gas-heated homes.” GTC and Kensa’s solution is “gathering
signifi cant market momentum as a heavyweight challenger to ASHPs,” they added, with over 6,000 units already secured, contracts in place for major developments with the top fi ve ritish
housebuilders, and a further 23,000 units in advanced discussions. GTC and Kensa’s solution was selected by Barratt Redrow to deliver the energy and utility infrastructure for Cosmeston Farm in Penarth – thought to be the UK’s largest net zero carbon housing development.
The ground source heat pump fi rm concluded: “Networked GSHPs remove procurement complexity on grid- constrained sites to deliver the homes the UK needs and the best solution for homebuyers delivering the lowest energy bills, the lowest carbon emissions, and peace of mind.” Kensa stressed that servicing, maintenance and replacement was bundled into monthly subscriptions.
progress with three planning applications and managing third-party Build To Rent homes for residents to a high standard. We will fulfi l our existing management contracts at four Build To Rent sites as part of a responsible transition out of the business.”
Yorkshire
John Lewis Partnership pulls out of Build to Rent initiative,
citing unstable market conditions
The John Lewis Partnership has announced it is pulling out of Build to Rent property investment, citing a “fundamental shift in the economic conditions” that underpinned the venture when it launched in 2020.
The move comes as part of a broader strategic decision to refocus on the Partnership’s core retail brands, John ewis and Waitrose, where signifi cant investment programmes are underway. The Partnership’s spokesperson commented on the reasons behind the withdrawl of its Build to Rent offering: “Our rental property ambition was based on a very different fi nancial environment one with more stable investment returns, lower borrowing costs and more affordable costs to build homes. Unfortunately, the current climate – higher interest rates, infl ationary pressures and a more cautious property market – has meant the model no longer meets the Partnership’s investment criteria. The spokesperson added: “We’re proud of what we’ve achieved in terms of
housebuilding fi rm Honey signs £19m partnership with Bradford housing association Incommunities to deliver 85 homes
Housebuilder Honey has partnered with Bradford-based Incommunities to deliver 85 new homes for the housing association at its Heather development in Low Moor, Bradford. The .m deal is the fi rst between the two businesses and will comprise 59 partnership plots and 26 section 106 properties. These will include a range of two-, three- and four-bedroom semi-detached, end terrace and terraced homes.
Supported by grant funding from Homes England, the development will provide a mix of tenures including social rent, affordable rent, Rent to Buy and Shared Ownership. Work on the properties has already commenced, with the fi rst residents expected to move in this September. Sheffi eld and eeds-based Honey’s partnerships division was launched last year. Since then the business has agreed partnership deals on three sites, including Low Moor, to deliver 254 affordable homes, generating forward sales of £55m. Honey is backed by private euity fi rm Alchemy Partners and its Alchemy Special Opportunities Fund IV which has £937m of fully committed capital.
WWW.HBDONLINE.CO.UK
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68
