Miller Developments teams up with GMI
An 80-acre site in Leeds with the potential for 600 homes is the first acquisition for the new joint venture, which is looking to work across the North of England.
GMI Developments – the development-focused arm of Yorkshire property big hitter GMI Holdings – will work with Miller Developments in the new venture.
Along with the initial scheme in Scholes, the JV is close to completing deals for an employment site and a 500-home fringe-of-centre residential development, it said.
Chris Gilman, managing director of GMI, said: “We are delighted to have joined forces with Miller Developments to initially bring forward the development of our site at Scholes.
“Their extensive track record and strong capital base make them the ideal partner for both this site and the other opportunities we are working on. We look forward to a long and successful relationship.”
GMI Developments’ track record, working with public and private sector partners, includes high-profile developments such as the 200-acre Thorpe Park, and the redevelopment of Clay Cross town centre in Derbyshire.
Miller Developments, which was bought out of the wider Miller group in 2018 by its management team, has worked on major developments such as the Omega logistics and residential development in Warrington.
The company already controls land capable of delivering over 5,000 new homes.
Privately owned, the firm has assets in excess of £70m which the company is keen to reinvest in further development opportunities throughout the wider UK, either directly or through further joint venture opportunities.
David Hodgson, who led on CEG projects including Leeds’ Kirkstall Forge before leaving to become development director at Miller Developments in September 2022, said: “The GMI Miller JV will exploit the vast experience the two companies have in acquiring, securing planning and delivering high quality employment schemes, serviced residential land and mixed-use developments across the north of England.
“Seeking opportunities to utilise the equity within the company, we are currently engaging with agents to look at a variety of both strategic greenfield and unconditional brownfield sites, on and off-market, and look forward to bringing forward serviced land for the residential sector, boosting local economies through investment and job creation.”
