The appointment follows a procurement process run jointly by Savills Housing Development & Regeneration and Cardiff Development teams.
The partnership is Cardiff Council’s second housing programme following the success of its award-winning Cardiff Living scheme, and forms part of its wider development plans – the largest council-led development programme in Wales.
The Vale of Glamorgan Council has also embarked on a major programme to provide quality, accessible and affordable homes, committing £920m to the development of new Council homes over the next 30 years, with the intention of delivering at least 880 new homes through the partnership with Lovell.
The collaboration is the result of the two authorities' commitment and vision to create exemplary homes and communities across the region to help tackle current housing issues.
Daniela Columbano, Director in the Housing Development & Regeneration team at Savills said: “We are delighted to have supported the Councils through this process which has resulted in Lovell being selected to deliver this hugely significant partnership. We look forward to seeing the Partnership established and the first homes come forward.”
Caroline Jones, a Director in the Savills Development team in Cardiff, said: “This appointment represents an important milestone for the Cardiff and Vale Partnership, paving the way for thousands of much-needed new homes to be delivered across Cardiff and the Vale, at least half of which will be affordable, to be retained by the Councils for social rent or shared ownership.”