e-Innovation Centre tenants – Buildfifty5 Anticipate Major Growth
BuildFifty5 Living, part of the well-established project management and construction development company BuildFifty5 Ltd, launched in early 2019 to focus on the redevelopment and improvement of the affordable homes, older persons, and assisted living markets.
“Over the last 17 years we have amassed a wealth of experience working with private and institutional developers and funds. During lockdown, we spent time refining our approach and preparing the ground for what we anticipate being major growth during the next few years,” said Kieran Danby, co-owner of Buildfifty5 Living.
With its team operating from the E-Innovation Centre, BuildFifty5 Living works closely with affordable older persons accommodation, housing and assisted living registered providers to deliver bespoke and affordable homes, which in turn will help to regenerate high streets and communities.
Up to and during lockdown BuildFifty5 Living facilitated a £2.7 million scheme for Citizen Housing (a housing association group that owns and manages 30,000 homes across the West Midlands) for the construction of 24-homes on the site of a former pub in Smethwick. Kieran Danby, co-owner of Buildfifty5 Living, said: “The redevelopment of the Thimblemill Pub site demonstrated how we identify opportunities that benefit from the fresh approach to design, procurement and collaboration we bring. Many companies had overlooked the brownfield site, however, we recognised the opportunity to galvanise a team that successfully overcame the challenges involved and delivered a fully affordable scheme.”
Mr Danby added: “Set against the background of ever-increasing house prices, living costs and pressure on appropriate public services, demand for affordable, supported and specialist housing has never been greater, particularly in the West Midlands and Shropshire.
He adds: “Our approach dares to be different. Our site acquisition strategy is enabling us to be one step ahead of the game. So much so, that we are now helping to re-develop sites within Telford Borough, our own county of Shropshire and much further afield across the UK.