Places for People

Places for People
Industry
Founded1965 (1965)
Headquarters
United Kingdom
Key people
Greg Reed
Revenue546,000 pound sterling (2017) 
Number of employees
12,900 (2025)[1]
Subsidiaries[2]
  • Places Leisure
  • PfP Students
Websitewww.placesforpeople.co.uk

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]

History

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]

Awards

In 2012 and 2014, PfP won Landlord of the Year at Property Week's RESI awards.

References

  1. ^ "Annual Report 2025" (PDF). Places for People. Retrieved 31 March 2025.
  2. ^ "Our Companies". Places for People. Retrieved 11 December 2025.
  3. ^ "Places for People... the UK's largest housing and regeneration group", Homeless International, 15 January 2007 Archived 24 September 2015 at the Wayback Machine
  4. ^ "SDR merger with Places for People Group now complete". South Devon Rural. Retrieved 28 March 2024.
  5. ^ "Our History and heritage". Places for People. Retrieved 11 June 2024.
  6. ^ "History". group website. Archived from the original on 31 January 2009. Retrieved 20 August 2011.
  7. ^ Our companies Archived 17 March 2011 at the Wayback Machine on official website
  8. ^ About us, accessed 24 August 2021
  9. ^ Bond tap nets Places for People £150m, Inside Housing, 23 December 2008
  10. ^ Social landlord bypasses banks to provide 100% mortgages, Public Finance, CIPFA, 29 June 2009
  11. ^ Landlord suffers £25m land hit, Inside Housing, 15 October 2010. Retrieved 2011-09-30.
  12. ^ Places for People issues £175m bond, Inside Housing, 20 May 2011
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