Formal Announcement about Socius

On 6th December 2021, First Base separated into two independent, separately-run companies.

A new company, Socius Development Limited (“Socius”), focused on mixed-use, urban regeneration developments will be led by Barry Jessup as Managing Director alongside an experienced team of Directors in Olaide Oboh, Steve Eccles, and Daniel May, as well as Peter Rogers, Rupert Clarke and Phil Wade as Non-Executive Directors.

Socius will take forward the existing schemes in Bristol, Brighton, Milton Keynes and Cambridge, and continue to expand its pipeline of projects in London and major towns and cities.

First Base Limited (“First Base”) will build on its long history of successful public/private partnerships such as East Village, Olympic Park targeting similar opportunities in the future, as well as looking to grow its investment business and First Affordable. First Base will be led by Elliot Lipton as Managing Director.

First Base will retain investments in a number of the development projects that Socius will be delivering. Barry Jessup, Peter Rogers, Rupert Clarke and Phil Wade will remain as Directors and Shareholders of First Base. The companies will continue to collaborate closely together.