 | This article contains promotional content .(July 2017) |
| Industry | |
|---|---|
| Founded | 1965 |
| Headquarters | |
Key people | Greg Reed |
| Revenue | 546,000 pound sterling (2017)  |
Number of employees | 12,900 (2025) [1] |
| Subsidiaries | [2]
|
| Website | www |
Places for People (PfP) is a property management, development, regeneration and leisure company based in the United Kingdom. [3] On 20 March 2024, it was announced that it had completed the merger of its operations with those of South Devon Rural (SDR). [4]
Places for People was founded in 1965 by the North British Housing Association. [5] A year after Bristol Churches Housing Association joined the group, its name was changed to Places for People Group Ltd. on 1 June 2000. [6]
With Places for People Scotland Care and Support [7] and Procurement Hub, a public procurement consortium, as part of the firm, [8] PfP raises money from investors by issuing corporate bonds in its own name. [9] PfP was the first housing group to respond by providing mortgages for shared ownership on its own developments. [10]
In April 2008, PfP launched the Ownhome equity loan scheme in partnership with the Co-operative Bank. This was aimed at enabling first-time buyers, key workers and occupants of social housing to purchase homes on the open market through a combination of a standard cooperative bank mortgage for between 60 and 80% of the value, with the balance funded via an equity loan from Places for People. The scheme ended in April 2010.
In 2010, the group recorded a £25 million impairment in the value of its assets, the largest write-down by a UK housing association up to that date. [11] The following year, it raised the social housing sector's first unsecured UK bond. [12]
In 2012 and 2014, PfP won Landlord of the Year at Property Week's RESI awards.[ citation needed ]
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