Developer Dominvs Group has bought social value consultancy SeerBridge for an undisclosed sum.
Following the deal, the firm has created a new in-house function to integrate and monitor social value at all points of the development lifecycle on its projects. This will be led by Seerbridge founder Wesley Ankrah, who will take on the role of director of social value and community investment.
Dominvs said the new team will advise on creative strategies for generating social value, codify its social value and community investment commitments into a new “social value charter” and introduce training for new and existing hires, to integrate social responsibility into all areas of the business.
Jay Ahluwalia, senior director at Dominvs, who led the acquisition, said: “We have worked with SeerBridge for over a year, and I noticed early on the value they would add to our business. They are market leaders in making the built environment much more cognisant of the communities that live and breathe around development sites.”
He added: “As a team, it has always been our goal to build a best-in-class business – and we have recognised that achieving this means not only having the top talent to deliver leading developments, but ensuring that these developments also deliver industry-leading impact for communities.”
Ankrah said: “The timing of the opportunity to pursue this acquisition was perfect and will allow us to deliver on the amazing opportunities we have advised on in the past.
“Ultimately, our ambition is to raise the bar within the industry because that’s what real estate developments should be about – enhancing the quality of life of people and creating positive societal change for surrounding communities.”
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