Printer Friendly

Almost 1,000 homes to be delivered in PS162m new projects.

REGENERATION and housing specialist, Galliford Try Partnerships North, has secured seven new projects that will deliver 950 new homes across the North East.

With a gross development value (GDV) of PS162.35million, the initiatives include properties for open market sale, shared ownership, affordable rent, private rent and extra care facilities for the over 55s.

Managing director, Sean Egan said: "It has been a very productive few months in terms of securing new business, building on a number of successful existing schemes already under way. We are delighted to report that seven new projects have been won.

"This follows a year or so of change within the structure of the business - particularly in the development team - that is now beginning to pay dividends.

"It is particularly pleasing to see that we are forging relationships with new partners and extending operations into parts of the region where we have not been working for some time. With a number of other new, significant opportunities emerging, I am confident that we will build on this platform and drive annual turnover beyond the PS80million mark within the next two years."

The developments, in Darlington, Gateshead, Middlesbrough, Peterlee, Redcar and Washington are expected to have over 600 people working either on site, or providing officebased support and all of them involve partnerships with Government, local councils and or registered housing providers. In order of development values, the new schemes are: A PS62million, 350 mixed-tenure development adjacent to the James Cook University Hospital in the Brackenhoe area of south Middlesbrough.

A PS55million, 360-home project on land to the west of Kirkleatham Lane in Redcar, in partnership with Homes England.

The creation of 67 homes for affordable rent on a former school site off Robson Avenue in Peterlee, in partnership with believe housing and - on an adjacent site - construction of a 70-bedroomed extra care facility with Housing 21. Combined, these schemes have a GDV of PS17.7million.

Up to 51 new homes are to be constructed on the site of the former Ayton Secondary School, in Washington. This was demolished 15 years ago and is earmarked for redevelopment in Sunderland City Council's master plan. With a GDV of PS10.25million, the development is currently anticipated to comprise 46 homes for sale and five more for a registered housing provider - yet to be determined.

Work is also due to start at Kelvin Grove in Saltwell - the next phase of the PS350million Gateshead Regeneration Project.

This PS9.1million initiative is being delivered in partnership with Home Group and Gateshead Council and will see the construction of 52 family homes which will be available for private sale and affordable rent. There will be an exciting range of two to four-bedroomed properties of bespoke design, adjacent to the Trilogy I development, which is now successfully completed and sold out.

And finally, there is an PS8.2million development of 30 family homes for open market sale, close to the historic, grade II-listed Mowden Hall in Darlington.

We're forging relationships and extending operationsSean Egan

CAPTION(S):

Galliford Try Partnerships North at work

COPYRIGHT 2019 MGN Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Journal (Newcastle, England)
Geographic Code:4EUUK
Date:May 24, 2019
Words:508
Previous Article:It's time to regenerate in a way which helps us prosper.
Next Article:DREAM GENIE? hollywood star will smith fails to work his magic on this live-action disney reboot.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters