The government has confirmed that Peter Denton, the current chief executive of housing association Hyde Group, will become the new chief executive of Homes England.
Housing secretary Robert Jenrick said that the appointment of a new chief executive forms part of an “important reset” for Homes England (picture: Getty)
In a statement issued late yesterday afternoon, Homes England said that the appointment marks a “new phase for the agency”, with Mr Denton due to take up the role “later this year”.
Housing secretary Robert Jenrick described the selection as “part of an important reset for the organisation” alongside the arrival of its new chair Peter Freeman last year.
“Together with Peter Freeman he will lead the renewal of Homes England, focusing on levelling-up and regeneration, high-quality new housing and infrastructure, and supporting small and medium builders to create a more dynamic and competitive housing market,” Mr Jenrick said.
Mr Denton has been chief executive of Hyde since September 2019, after two and half years as group finance director. Before he joined the association and the sector in February 2017, Mr Denton’s career included leading roles within pan-European real estate as well as investment banking, in which he handled more than €25bn of lending.
Mr Freeman, who was confirmed as chair of the housing delivery agency in October 2020, said that Mr Denton’s experience would be “invaluable in raising additional capital from the private sector to support Homes England’s government-funded work”.
Past employment includes global real estate investment management firm Starwood Capital, as well as investment banking roles at BNP Paribas, Barclays, Deutsche Bank, Eurohypo and WestImmo. Mr Denton is also currently a non-executive real estate investment committee member for Eurazeo, a global investment company.
Mr Freeman said: “Peter brings two powerful qualities to Homes England. He has deep experience of real estate banking and investment, including raising funds and managing portfolios across Europe. This will be invaluable in raising additional capital from the private sector to support Homes England’s government-funded work.
“Secondly, in leaving a successful career in the commercial sector to join a major housing association, first as chief financial officer and then as chief executive, Peter has displayed enormous personal commitment to marrying financial discipline and social purpose. I have no doubt that he will be an outstanding leader, with his unique skillset helping us build the homes the country needs.”
Commenting on the move, Mr Denton said: “The government has an ambitious agenda of not just more homes but decent, affordable, safe, energy-efficient ones that sit well in their community and landscape. I cannot wait to help realise that ambition.”
At Hyde, the chief executive has led a wave of innovation with regard to the way the organisation funds its new-build activity amid the growing financial pressures facing housing associations as they invest in existing stock.
This has centred around championing partnerships with stakeholders, including institutional investors, as well as advocating an ‘ownership-blind’ approach to homes managed, but not necessarily owned, by the group.
Reflecting on his impending departure from the organisation, Mr Denton said: “Although it is incredibly hard to leave Hyde, this is the right decision. Heading up Homes England means that I can be instrumental in delivering more and better homes on a national scale.
“I have thoroughly enjoyed my time at Hyde and am incredibly proud of all we have achieved. I shall miss the people here more than I can say, but I know they will carry on the good work and go on to achieve even bigger and better things.”
Alan Collett, chair of Hyde, said: “Peter has made a huge impact in his time as chief executive of the Hyde Group. He has been innovative in his approach and driven in his ambition to provide more homes in London and the South East.
“This appointment will give his passion, enthusiasm and talents a national platform and I know that he will make an enormous contribution to delivering more and better homes that the country desperately needs.”
Information on Mr Denton’s successor and the expected timings for his departure were not disclosed at the time of the announcements.