Places for People
British property owner
From Wikipedia, the free encyclopedia
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]
| Industry | |
|---|---|
| Founded | 1965 |
| Headquarters | |
Key people | Greg Reed |
| Revenue | 546,000 pound sterling (2017)  |
Number of employees | 12,900 (2025)[1] |
| Subsidiaries | [2]
|
| Website | www |
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.[citation needed]