The development directors’ panel Housing 2017 – CIH Manchester The development directors’ panel Jane Gallifent Director of Development & Sales Aster Group

ASTER GROUP Own and maintain over 28,000 homes Wide geographical operating area Turnover of £190 million and assets exceeding £1.1bn in value Financial strength and resilience Commercial Board driving the development programme

‘ Everyone has a home’ OUR GROUP VISION There has never been a greater need to innovate to provide good quality housing at sensible prices across the country. We know that helping to end the nation’s housing crisis is the biggest impact we can have on society.

OUR DEVELOPMENT STRATEGY Build over 10,000 homes over the next 7 years Change the profile of the programme Rebalance land led v S106 schemes Maintain existing partnerships to deliver over 1,000 homes for market sale ‘To build as many homes as we can to support the Group’s vision that everyone has a home’

FINANCIAL MODELLING £1.5bn investment up to 2024 8,400 affordable homes (50% rented /50% shared ownership) Increase land led profile up to 50% of programme 1,600 open market sales

PARTNERSHIPS Joint Ventures: White Rock LLP / Boorley Green LLP Galliford Try Number of market sale: 943 Total turnover - £340m Total net profit - £45.29m

CHALLENGES AHEAD Land led schemes expected to increase year-on-year and up to 550 homes p/a over a 5 year period Challenge to secure land in a competitive market Recognition that existing procurement arrangements no longer suitable Technical and construction support identified

PARTNERING Five year partnership arrangement set up to deliver more homes on land we own or acquire Two contractors selected with key objective to improve greater value, drive efficiencies and increase the rewards Outputs and outcomes identified – clear vision going forward

RISKS AND OPPORTUNITIES Political and policy framework Brexit Competition Economic boost Partnerships Financial strength Your team