A major affordable housing scheme at Legal & General has made two new recruits.
Michael Dempsey will be taking on the role of Director of Development and Investment and Shaun Holdcroft (pictured) as Director of Operations for Legal & General Affordable Homes.
Launched in April 2018, Legal & General Affordable Homes works to support the UK’s demographic and affordable housing needs. It intends to deliver 3,000 homes per annum within the next four years.
Dempsey joins from Wellbury Projects, a development consultancy he established. He has 30 years’ experience in the house building industry.
Holdcroft has joined the company from housing group settle. As Executive Director, Holdcroft was in charge of leadership of the business and strategic planning, looking after 200 staff and £50 million of revenue.
Ben Denton, Managing Director of Legal & General Affordable Homes, said: “Legal & General is focused on delivering a sustainable model, bringing long-term institutional capital into this sector and working alongside best-in-class Housing Associations to make a genuine contribution to increasing investment and tackling the shortage of affordable homes.
“As we gear up towards the acquisition of our first sites, our major focus has been to put together a stellar team to support our ambitions.
“Mike and Shaun bring a wealth of experience from across the housing building and affordable housing sectors and are key hires as we begin to establish our development platform.”