commercial property lambert smith hampton

News - 23/09/2014

HCA appoints LSH as Property Advisors for National Programmes

LSH has been appointed by The Homes and Communities Agency (HCA) to provide property due diligence on applicants bidding for a share of £1.7bn government funding to accelerate the delivery of new housing in England.

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This will be the first round of investment managed by HCA investments (HCA-I), the HCA’s new investment arm. 

National investment programmes

The current round of national investment programmes includes Builders Finance Fund, Large Sites Infrastructure Fund, Local Growth Fund (Housing Infrastructure) and Estate Regeneration Fund. LSH will also advise on any new HCA-I investment programmes in the period running to February 2015.

Delivering new homes

This represents up to 300 projects of between 15 and 1500 new homes across England, split between a panel of property consultancies. Work will be led by the Manchester team at LSH who will undertake detailed due diligence for allocated bids to ensure that they meet HCA criteria; that the investment is fully recoverable and the project is viable demonstrating deliverability, demand and value for money.

Strong working relationship

Adam Mirley, Director of Planning and Development at Lambert Smith Hampton said:
“We look forward to continuing our work with the HCA at such an exciting time with the launch of HCA-I and its current investment programmes. We have previously supported the HCA on Get Britain Building, Local Infrastructure Fund and Custom Build so we already have a good working relationship and fully understand the standards required.”

Quality of service

Gareth Blacker, Head of Recoverable Investment at the HCA said:
“We need to ensure our investment is robust and the role of our advisers is key to this process. Having worked with Lambert Smith Hampton’s team, we are confident that they will help build upon the success of earlier programmes and deliver the quality of service we require to help maximize the delivery of infrastructure and a range of housing for our investment.”

The application process is already underway for the Large Scale Infrastructure Fund and Local Growth Fund with housing delivery as a result of all investment expected between 2015 and 2018.


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