A North West housing association is making its single largest investment to date to deliver hundreds of new homes in Cheshire.
Torus Group – which was formed out of an amalgamation between Torus and Liverpool Mutual Homes at the beginning of 2019 – is investing over £69 million to deliver a 400-home development in Leighton, Crewe.
The site, on Flowers Lane, is part of a £1 billion investment programme that is expected to see the completion of 700 new home this year; a 60% increase on what the separate organisations achieved in the previous year.
Outline planning approval is in place for a mixed-tenure site, which will include “affordable” rent, shared ownership and rent to buy.
Furthermore, Torus says infrastructure around the Flowers Lane area has had significant investment this year and the construction of this site – which is anticipated to start in spring 2020 – will further enhance the area.
“The sheer scale of this development and investment clearly shows our commitment to building high-quality affordable housing that meets local need,” said Chris Bowen, managing director of Torus Developments.
“Our ambitious plans for Flowers Lane underline Torus’ ambition to deliver high quality homes in crucial regeneration areas, as part of our fundamental commitment to tackle the region’s housing crisis.”