Housing Growth Partnership (HGP) have appointed an Investment Director to a newly created role. The appointed – Rachel Miller – will be responsible for accelerating growth by transacting larger equity investments in residential developments across the UK.
Previously Head of New Investment at Grosvenor, Rachel’s appointment marks a step change in the ambitions of HGP, with significant additional funding recently announced and a remit covering developments up to £75m and the full range of residential sectors – including Build to Rent, retirement, affordable and regeneration.
HGP is a social impact investor backed by Lloyds Banking Group and Homes England – to help address housing affordability by providing support to the regional residential development community to increase the number of new homes built in the UK.
“It’s an exciting time to be joining HGP following the recent announcement of a new £300m equity commitment to joint ventures with housebuilders and developers.
“There is a clear need for more housing in this country, and everyone should be able to access good quality, secure and well-managed properties through a range of ownership and rental options. Whether that be a suburban house with a garden, or a city-centre retirement development.
“My background working in complex and historic areas of London has given me an appreciation of creating places which retain their desirability for the long term, and which are flexible enough to respond to change. I’m looking forward to the opportunity to partner with those developers who share our ambition to create homes which are sustainable positive additions to existing places and communities.”Rachel Miller, Investment Director, Housing Growth Partnership (HGP)
Rachel’s previous roles have seen her as Head of Strategy for Grosvenor and consulting for Matter Real Estate. Rachel is a Chartered Surveyor with degrees from Cambridge and Reading Universities and she sits on the Board of Soho Housing.