Deals round-up: November 2023

Galliard Homes and Apsley House Capital 

 

A development project delivering 752 build-to-rent homes has been completed in Birmingham. 

 

The project, called Soho Wharf, was completed by The Galliard Apsley Partnership, a joint venture between Galliard Homes and Apsley House Capital. The site is owned and run by European residential real estate investor and manager Heimstaden.

 

The homes include 650 apartments and 102 townhouses, all offered at affordable rental rates. Heimstaden said that by affordable rental rates it was referring to rental prices that are either following standard market rates in the area or being priced lower.

 

Within this development, 64 of the homes will be offered at a 20 per cent discount to market rent.

 

Countryside and Midland Heart

 

Countryside Partnerships has received planning permission to start work on 122 new affordable homes at the 7.4-acre site of the former Bedworth Bowling and Rugby Club in Bedworth. Housing association Midland Heart will own and manage the properties on completion.

 

Countryside, Homes England and Citizen Housing

 

In addition, Countryside, working with Homes England, has finalised the purchase of land and secured planning permission for a development of 259 new homes near Leamington Spa in Warwickshire. This will be the first phase of the project, which will be known as Windmill View at Upper Lighthorne.

 

Of the 259 new homes, 130 will be affordable homes owned and managed by housing association Citizen Housing, following a forward sale agreement, while 129 will be sold on the open market.

 

A further 280 homes are expected to be delivered as part of a second phase on the site, and in total the wider development will eventually provide around 1,000 homes.

 

Orbit and Homes England

 

Orbit Group’s development subsidiary Orbit Homes will deliver 220 properties at a new development in the village of Reydon, Suffolk.

 

The proposed scheme at Copperwheat Avenue will comprise 44 affordable rent, 74 shared ownership and 84 market sale houses, as well as 11 self-build plots, and seven coastal erosion replacement properties. A choice of one, two, three and four-bedroom homes will be available.

 

Orbit Homes purchased the site from WM Denny & Son and Chartwell Industries. The expected start date for the scheme is 2025, with work expected to finish in 2029. The development has received funding from the Homes England Strategic Partnership scheme for the delivery of affordable homes.

Vivid

 

Vivid has been granted planning permission for the regeneration of central Winklebury, in Hampshire, which will deliver 203 sustainable new homes.

 

Flats, houses and bungalows will be provided in a mix of tenures on the site, near Basingstoke. The homes will replace ageing accommodation on the site. The housing association will also build 4.5 acres of public open green space, a new pre-school, a community centre, a medical centre and pharmacy, a public play area and a new retail hub with parking.

 

WHG and YMCA Black Country Group

 

Midlands housing association WHG and social landlord YMCA Black Country Group have hosted representatives from City of Wolverhampton Council for a tour of the ongoing redevelopment site at The Royal Quarter, off Cleveland Road in Wolverhampton.

 

The Royal Quarter is the project name that describes the new residential place being created through the four phases of regeneration in and around the location of the former Royal Hospital.

 

Attendees were given the opportunity to see the 150 newly constructed apartments in the well-being facility and the former bus depot site at Cleveland Road that WHG, YMCA Black Country Group and development partnerships firm Morro Partnerships completed in 2021. 

 

WHG and Morro are now working on delivering another regeneration project in the same area, which is due for completion next year. This will deliver 192 new affordable homes, including 38 one and two-bedroom apartments for people aged over 55, at the new well-being scheme in the restored Grade II listed Royal Hospital building. The project will also build an additional 123 homes for affordable rent and 31 for shared ownership.

 

Metropolitan Thames Valley

 

Metropolitan Thames Valley has broken ground with The Hill Group at the second phase of its estate improvement and regeneration of the Westhorpe Gardens and Mills Grove Estate in Hendon.

 

The scheme, which is located in the London Borough of Barnet and will complete in 2026, will replace and upgrade all 102 social rent homes originally on the site. It will also provide an additional 149 affordable properties for the local community.

 

Southern Housing and HG Construction

 

Southern Housing has agreed a contract with HG Construction to start on the second phase of the Free Wharf regeneration project in West Sussex, which will deliver 145 affordable homes, a mixture of rented and shared ownership tenures.

 

The Free Wharf project, which is backed by Adur District Council and Homes England, is intended to regenerate Shoreham’s harbour area. Construction has started on the second phase of the project and is due to complete by early 2026.

 

Alliance Homes and Keepmoat

 

Social landlord Alliance Homes has partnered with developer Keepmoat to deliver 125 affordable homes in Weston-super-Mare, Somerset.

 

Out of this total, 85 properties are also due to be built as adaptable or accessible homes. The first homes are due to be available by spring 2024. This is part of Keepmoat’s Parklands Village development, delivering 425 new homes in Weston-super-Mare.

 

Gentoo

 

Gentoo has started work on a housing development called Cricketers Hill in the Carley Hill area of Sunderland, to deliver 115 affordable homes.

 

The homes will be available for affordable rent, shared ownership and Rent to Buy and will comprise two, three and four-bedroom houses, two-bedroom bungalows and two-bedroom apartments.

 

Working in partnership with RE:GEN, the scheme will redevelop a 4.28-hectare brownfield site for affordable housing. The site was previously home to Carley Hill Education Centre.