Colm Lacey set to go early next year after more than six years at business
The founder and chief executive of Croydon council鈥檚 ailing housing company Brick By Brick will step down from his role early next year after more than six years in the role.
Colm Lacey has led the organisation, which is in the process of being wound down by the authority, since 2016.
His departure follows the recent decision by the council to turn down an offer from Urban Splash to purchase the company. The council has opted instead to wind down the council-owned housing developer on completion of the sites currently under construction with these due to be wrapped up by 2023.
It is understood that Wates is being taken on by the council to ensure the build out of existing schemes goes ahead.
Under Lacey, the company, which includes architecture practice Common Ground Architecture, looked to provide housing across the borough on small infill plots.
Lacey will go after completing work on restructuring the business to ensure it is ready for the final wind down phase.
He will also work to ensure the remaining development programme is on course to maximise the value to the council.
Lacey said: 鈥淲ith the council opting for a managed wind-down of company activities, it feels appropriate for me to step down after helping the company transition into its final phase. I鈥檇 like to thank my talented and resilient team who have worked with me over the years.
鈥淚 have no doubt that many will go on to become future leaders across the built environment. It has also been a pleasure to work with such a wide array of exciting young architecture practices, as well as our other dedicated partners, suppliers, contractors and consultants.鈥�
Brick By Brick will have completed construction of 460 homes across 18 sites previously owned by the council later this autumn.
A further 311 homes under will be under active construction across five sites. Of the completed homes, 56% are affordable with more than half set to be council homes.
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