Back to Latest news

Orbit Homes reaches 3,000 homes milestone

Orbit Homes, part of the 39,000-home Orbit Group, has developed more than 3,000 homes since April 2013, reaching a major milestone in its development target of 12,000 new homes by 2020.

The announcement comes just six months after the developer built its 2,000th home and demonstrates the acceleration of Orbit’s sector-leading development programme.

Building homes across the Midlands, South and East, Orbit Homes has established itself as one of the largest housing association developers based outside of London.

Earlier this year, Orbit announced the second largest affordable development programme between 2015-2020, with 8,418 new homes planned. It has already secured land for more than 4,000 of these homes.

Of the 3,090 new homes completed since Orbit launched its 2020 Vision in 2013, 2,065 were for affordable rent, 710 for shared ownership and 315 were available for market sale.

Paul High, executive director for Orbit Homes, said: “Reaching this major milestone demonstrates Orbit’s commitment to tackling the housing crisis, by providing the new homes this country so desperately needs. The last year has seen us increase our market sale programme, enabling us to re-invest the profits to support the development of more affordable housing.

“We are a strong and ambitious developer, and having already secured land for half of the homes in our development pipeline, together with our strong funding streams, we remain confident in achieving our 2020 targets.”

User Comments

Show comments