Richard Shakespeare
speaker
150 appearances
1 recordings
1 series
first heard Apr 2026
last heard 25 Apr
Richard Shakespeare’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Apr 2026 with 1.
Appearances
we lost an awful lot of, you might say, the knowledge and all of that, and also the funding.
It was, but it had run down to quite an unsustainable
level.
And, you know, in fairness now to Mick Mulhern, who's the Assistant Chief in Housing,
we knew we needed to do something different.
We've restructured the department in terms of our delivery and building on our own sites, partnering with the AHBs and the LDA.
Well, direct ourselves is probably about 4,000 to 5,000.
Across out to 2030,
About 15,500.
But that's not just us, but that's largely on our land.
This is why we're focusing on, I suppose, the cost.
You might say the cost rental side of the house, which is 25% below market.
But, you know, it is, from our perspective...
Because the revenue keeps coming in year on year, and it gets bigger as inflation... Well, I mean, I suppose over the last number of years, Pat, there's been a presumption against the built-to-rent sector.
which hasn't done us any favour in terms of our delivery because funding apartments is complex and it tends to be long term money as opposed to short term.
Back in the day, when apartments were going up in the early noughties, they were all built to sell.
And it was a quick turn.
Whereas when you factor in the cost of finance and all the bits and pieces, it is expensive to borrow the money.
So you've got the cost of finance, which is probably adding about 20% in terms of what it's costing a developer or a pension fund or whatever else.
I don't know if it's a time bomb, Pat.
Showing 101–120 of 150 · page 6 of 8
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