Seddon and Waypoint have teamed up to form Seddon Waypoint, a joint venture aimed at addressing energy transition in the UK residential property sector.
The partnership will offer a combination of construction and delivery expertise, institutional-grade asset management, and advice. The two businesses have a combined turnover of over £164 million and a balance sheet of £40 million.
Seddon Waypoint will help clients move towards low-carbon and renewable energy sources in both residential and commercial sectors. The JV will also provide strategic property development and investment advice, and work with clients to resolve financial difficulties in residential construction projects.
With an extensive experience in planning, design and construction delivery, Seddon Waypoint will focus on assisting clients to transition towards low-carbon and renewable sources of energy in both, the residential and commercial sectors. The joint-venture partnership will also advise on the environmental and investment benefits of building improvements and renewable technology solutions.
Peter Jackson, managing director of Seddon, said: "The joint venture partnership brings together two established and successful companies with new ideas and a new approach to dealing with the issues and challenges faced by property owners, investors and occupiers."
Waypoint’s joint managing director, Mike Riley, added: "The UK's target of reaching Net Zero, combined with the spiralling costs of living and the current energy crisis, means that it is essential that the property sector as a whole address the question of energy efficiency. Making new buildings energy-efficient is not enough, and it is vital that the thorny issue of retrofitting existing property assets is also tackled.
"Seddon Waypoint brings together the combined experience of two market leaders, with fresh ideas on dealing with these challenges."