Midlands-based residential developer Jessup Partnerships has rebranded as ‘MORRO Partnerships’ following significant growth in the business and its impact on the region’s affordable housing landscape.
Since our investment in 2022, MORRO’s turnover has grown 20% to £80m last year. In this time, it has also increased its headcount by 40%, opened a new East Midlands regional office, and is onsite or bringing forward a pipeline of more than 3,000 plots in the region.
This combination of factors means it is now one of the largest privately owned affordable housing providers in the region. The new MORRO brand has been created to reflect this growth and the developer’s brand purpose as ‘better tomorrow makers’, responsible for building sustainable communities across the Midlands.
Established for 34 years, MORRO is a trusted development partner to responsible landlords, including local authorities, registered providers of social housing, and Homes England. Operating out of its Staffordshire headquarters and new base in Leicester, MORRO is currently onsite at 21 live sites in the North, East and West Midlands, all of which are for affordable housing and the vast majority are situated on brownfield land.
We acquired a majority stake in the business in March 2022, a deal which included the appointment of former Westleigh director Matt Moore and founder Chris Beighton, as CEO and Chairman respectively.
Since the investment, MORRO has consolidated its land-led partnership model to enable it to provide local authorities and registered providers with more access to brownfield sites suitable for residential led regeneration.
This approach has seen MORRO invest in a five-strong land acquisition team and a dedicated partnership team over the past year to provide expertise in land procurement and planning as well as ensure a smooth transition through the development stages.
MORRO has incorporated a strong commitment to Environmental, Social, and Governance (ESG) best practice as part of its founding principles. This is illustrated by the innovative use of modern methods of construction (MCC) throughout its approach, which includes a dedication to making 100% of all new schemes timber framed buildings where possible. The construction and operational efficiencies inherent to timber homes provide a wide range of sustainability advantages.