Under the terms of the deal, Inpartnership founders Duncan Sutherland and Graeme Hogg will retain 50% of the company and the new investors will have a 50% stake, replacing previous investors Paradigm Real Estate Managers which is co-owned by Montagu Evans and investment vehicles of Ann Gloag and Brian Soutar, the founders of the Stagecoach transport group.  Paul Davidson and Sharon Seales of West Coast will become board directors of Inpartnership Ltd.

 

Inpartnership was founded in 2001 to undertake urban regeneration projects using a unique business model that offers local authorities the opportunity to revitalise communities without throwing away the family silver.   Inpartnership brings financial investment and regeneration expertise to joint venture partnerships formed with councils who match that investment with land and unsustainable housing stock.  In doing so the councils retain joint control of their assets and receive the necessary financial injection to invest in the future of the communities they serve.

 

Inpartnership is at the forefront of Government policy by undertaking long-term and holistic community regeneration involving education, health, housing, commercial aspects and in community capacity building and getting people into work. 

 

Commenting on the deal Graeme Hogg of Inpartnership said;

 

“We are delighted to welcome West Coast on board. This investment will allow Inpartnership to consolidate its position as a nationally recognised urban regeneration specialist which, in terms of our regeneration model, currently has a significant lead on the market. The additional resource available to us through West Coast will mean we can deliver sustainable, high quality regeneration more quickly and effectively on the ground for our local authority partners.”

 

Inpartnership currently has regeneration projects at Salford, where the first phase of 180 out of a potential 580 residential units recently completed and sold, and North Solihull which includes the development of residential, commercial, schools and health facilities. The company has recently signed an agreement with City of Liverpool Council that will bring 80 acres of residential land within the city boundaries under the newly created Limited Liability Partnership between the city council and Inpartnership.  Further land, including unsustainable housing units are currently being looked at for incorporation into the Partnership. 

 

Inpartnership is also behind a scheme to devlop Murray’s Mills in Manchester to create 110 homes, a 60 bed hotel and 40,000 sq ft of office space.

 

Paul Davidson, partner in West Coast Capital noted;

"Inpartnership has a strong management team in a growth sector, as such it fits well with our ongoing investment strategy and we are delighted to be backing Graeme and his team."

  

The brainchild of regeneration expert Duncan Sutherland and financial specialist Graeme Hogg, Inpartnership was formed in 2001 to work side by side with Local Authorities and other public bodies who have obligations to improve the communities they represent but do not have the finacial resources to deliver new development on the scale required. By placing the needs of the resident community first the company sets out to use low performing property assets that are in public sector ownership and utilise government funding, together with significant private investment to enable a whole-scale regeneration programme to take place.