1. The development directors’ panel
Housing 2017 – CIH Manchester
The development directors’ panel
Jane Gallifent
Director of Development & Sales
Aster Group

2. ASTER GROUP Own and maintain over 28,000 homes
Wide geographical operating area
Turnover of £190 million and assets exceeding £1.1bn in value
Financial strength and resilience
Commercial Board driving
the development programme

3. ‘ Everyone has a home’ OUR GROUP VISION
There has never been a greater need to innovate to provide good quality housing
at sensible prices across the country.
We know that helping to end the
nation’s housing crisis is the biggest
impact we can have on society.

4. OUR DEVELOPMENT STRATEGY
Build over 10,000 homes over the next 7 years
Change the profile of the programme
Rebalance land led v S106 schemes
Maintain existing partnerships to deliver over 1,000 homes for market sale
‘To build as many homes as we can to support the Group’s vision that everyone has a home’

5. FINANCIAL MODELLING £1.5bn investment up to 2024
8,400 affordable homes (50% rented /50% shared ownership)
Increase land led profile up to 50% of programme
1,600 open market sales

6. PARTNERSHIPS Joint Ventures: White Rock LLP / Boorley Green LLP
Galliford Try
Number of market sale: 943
Total turnover - £340m
Total net profit - £45.29m

7. CHALLENGES AHEAD
Land led schemes expected to increase year-on-year and up to 550 homes p/a over a 5 year period
Challenge to secure land in a
competitive market
Recognition that existing
procurement arrangements no
longer suitable
Technical and construction
support identified

8. PARTNERING
Five year partnership arrangement set up to deliver more homes on land we own or acquire
Two contractors selected with key objective to improve greater value, drive efficiencies and increase the rewards
Outputs and outcomes identified –
clear vision going forward

9. RISKS AND OPPORTUNITIES
Political and policy framework
Brexit
Competition
Economic boost
Partnerships
Financial strength
Your team