This is the Group’s financing vehicle that was formed for the purpose of securing funding to deliver on our housing development objectives. It was established in 2013 with the issue of a £200m bond to CHP.
Myriad Housing lets and manages housing development contracts on behalf of CHP for social and affordable rent, submarket rent, and a small number of homes for market sale.
Myriad Homes was established to progress profit-making commercial opportunities for re-investment into CHP's core activities. This is achieved by working with a variety of land agents, architects, contractors, consultants and investors to secure appropriate house building opportunities. These include:
- utilising CHP land bank opportunities for infill or redevelopment;
- acquiring market sites with or without planning permission;
- progressing joint ventures with CHP to deliver mixed tenure housing schemes.
Myriad Homes aims to deliver cost effective construction solutions through efficient procurement as well as optimise sales through high-quality design and marketing.