Bournemouth Churches Housing Association (BCHA) has created an asset and development management partnership with Capita Property and Infrastructure that will see the two work together to improve and strengthen the asset base through targeted investment and increased efficiency over the next five years. The deal is worth £4m, with an additional gain share element related to realised efficiencies.
BCHA – which owns and manages over 2,000 homes across the South West – will use Capita as a one-stop-shop for their asset and development management. From site finding, development consultancy, strategic asset management, investment programmes and statutory compliance to project management, architecture, cost management, planning and engineering services, Capita will deliver targeted, measured efficiency gains across the entire development and management portfolio until 2020.
Martin Hancock, BCHA’s chief executive, said: “This contract will allow BCHA to improve services to its customers, to focus on its core competencies and means that we’ll be able to take a much more strategic approach to asset management and development. As part of the partnership, there are clear value for money procurement and efficiency targets – and Capita will be investing in IT infrastructure and other services with no upfront cost to us.”
Jules Bickers, director of housing for Capita’s property and infrastructure business, said: “This partnership will give BCHA access to Capita’s unparalleled breadth of expertise and economies of scale, driving down costs and transforming service delivery. For BCHA residents, this partnership means that homes and communities will get the right investment, more homes will be built for local people and their rent money will be spent effectively and carefully.
Jules added: “The contract is similar in scope to Capita’s innovative partnership with Genesis, announced in 2013, one of the UK’s largest housing associations. This latest agreement shows that the partnership model we have developed works for organisations of very different sizes and geographies – and we look forward to expanding this concept across the housing provider market.”
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