Strawberry Star Group and JJ Rhatigan strike partnership
Property developer Strawberry Star Group has announced a long-term partnership with Irish construction company JJ Rhatigan (JJR), enabling JJR to expand its reach in the UK residential sector and spurring Strawberry Star's ambitions to deliver 2,000 new homes by 2025.
JJR is currently Strawberry Star’s construction partner for its flagship project LU2ON, aiming to deliver phase one of the £280m residential-led mixed-use scheme by Spring.
The construction firm now bring their expertise in the sector to Strawberry Star’s remaining portfolio of projects, which include LU2ON phase two, as well as schemes in Harlow, Wembley and Kenton. The gross development value (GDV) across all four schemes is expected to exceed £500 million pounds.
Chairman of Strawberry Star, Santhosh Gowda, said it was a natural fit to partner with a construction firm with a track record of delivering excellent quality housing whilst using some of the best sustainability practices in the sector. "The trust established between our two businesses based on LU2ON’s initial success has led us to take this relationship to the next level. By forging this long-term alliance, we can leverage each other’s strengths wherever necessary and significantly enhance our delivery capabilities. The partnership will shape our business for the future.”
With 1,000 units already planned or under construction, Strawberry Star is concentrating on the needs of home buyers, home movers, buy-to-let landlords, first-time buyers, as well as providing investors with a fully managed buy-to-let experience. All four of the mixed-use schemes that are underway are set to bring significant regeneration, contributing to the local economy to boost house price growth and entrepreneurial investment.
Santhosh adds: “JJR will play a vital role in realising our volume housing vision; to create 2,000 new homes by 2025 whilst setting new standards in high-quality housing in Greater London.”
Ger Ronayne, C.E.O. of J.J. Rhatigan & Co. said it shares Strawberry Star’s vision to deliver much needed mixed-use schemes.
"This partnership has evolved from the excellent working relationship and mutual trust we have established with Strawberry Star over the past two years, particularly on the Lu2on project and will provide a strong pipeline of work for J.J. Rhatigan & Co. in the Greater London area over the next few years. This will provide a springboard for us to grow our business even further in the UK and particularly in the Greater London area."