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Story Homes strengthens relationship with Home Group with joint venture scheme

May 2024

To celebrate the ongoing successful partnership between two local businesses, our CEO, Colin Wood and Home Group CEO, Mark Henderson recently met at Sadler Woods in Eaglescliffe; a development which will see the two organisations working together to deliver 253 new homes.

As part of our focus on securing new sites to grow the business, we continue to explore opportunities with landowners, agents and joint venture partners to bring forward developments across the North East.

Last year we entered into a joint venture with landowner Home Group for a new scheme in Eaglescliffe, Stockton. The partnership brings together the brand and expertise of Story Homes with the drive and commitment of Home Group to supply new private sale and affordable homes. Works on site commenced last summer, and the two CEOs met to take a tour of the new show homes, which opened last month.

Colin Wood, CEO at Story Homes, said: “From first meeting Mark I was certain the two companies could work together. It’s been a true partnership with both businesses focused on delivering an innovative and outstanding project. There are a lot of competitors in the area, but I’m proud to say our joint venture stands out as the best housing development. Customers have flooded the show home since opening and the market is really taken with the product.

“The team at Home Group have been excellent to work with and we hope to expand the approach to other sites very soon.”

Mark Henderson, CEO at Home Group, said: “It’s been fantastic to join Story Homes on a tour of the Sadler Woods show homes and see their high quality product. We’re very excited to be collaborating with Story Homes on this project; they are a 5-star builder, and we are delighted they are delivering these new homes. This is a great scheme, and we are pleased that we will be able to offer some of these fantastic new homes to our customers as affordable housing.”

This successful partnerships is a significant achievement for Story Homes, further establishing our presence in the North East and building on our proven track record of acquiring land for housing, unlocking its potential, and delivering high quality new homes in the region.

Looking forward, an aspirational growth plan will see our business secure at least 17 new sites for residential development over the next 6-9 months across its three operating regions, delivering a further 2,715 new homes into its development pipeline.