Midlands Housing Association launches Facilities Management Company

Posted: July 20th, 2010

The Midlands Housing Association has collaborated with Martin Corbett to launch Derwent FM, a Facilities Management company. The new company plans to launch affordable housing schemes for the common man. Martin Corbett will own 25% in the new venture, while Centro Place investments and Derwent Living’s investment company will have 75%.

Martin Corbett has over 15 years of experience in this industry while Derwent Living has been managing and providing services to 11,000 homes. Derwent FM will function as a subsidiary company under the Derwent Living group of business and will be managed by Paul Wisher, Commercial Director of Derwent Living, Martin Corbett and Paul Casey, Director, Derwent Living Development.
Derwent FM will be focussing on the student accommodation market in the Midlands and the South.

Talking about this new venture, Paul Wisher said, “Our forecasts show that in six years, Derwent FM will be turning over £20 million to £25 million, which means there will be a large amount of profit to go back to support the core social housing part of the business.”

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This entry was posted on Tuesday, July 20th, 2010 at 1:14 am and is filed under Bridging Finance . You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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