Orbit Homes has appointed a new Private Rented Sector (PRS) Director to develop and deliver its first steps into the private rented sector as it grows its customer offer.
Adam Cooper joined the developer in early September and brings with him a wealth of housing and property industry experience.
With a degree in construction and a background in house building, Adam has previously worked for a number of national organisations, including AMEC and Higgs and Hill. He moved into property management just under 20 years ago, most recently heading up a division at Peverel managing almost 100,000 homes.
Orbit, the fourth largest developing housing association, offers a range of homes across affordable rent, shared ownership and market sale. The 39,000-home housing provider announced its plans to venture into the private rented sector at the end of last year, securing sites in Norwich and Stratford-upon-Avon.
Paul High, executive director Orbit Homes, said: “The UK is seeing a growing demand for rental and intermediate market products, and our sector is developing a greater range of tenures to meet need and aspiration. Broadening our offer into the private rented sector is a new step for us, but one we must take to respond to the changing housing market. We are pleased to welcome Adam on board to support the development of our PRS offer during this challenging yet exciting time.”
Adam Cooper said: “The PRS product will complement Orbit’s existing housing solutions. By expanding our customer offer we are helping combat the UK’s housing shortage by providing more quality homes to those currently unable to buy their own home. I am delighted to take on this new challenge with Orbit Homes, and be part of creating a more flexible housing journey for our customers.”
Orbit Homes is currently developing two sites for private rent. The re-development of Warwick House in Stratford-upon-Avon will provide local key workers with 82 private rent apartments, while 150 of 437 new homes at the £70m St Anne’s Quarter development in Norwich city centre will be available for private rent.
Both developments will contribute to achieving Orbit’s vision of building 12,000 new homes by 2020.