A developer has secured planning permission for the construction of a 350-home mixed tenure scheme in Middlesbrough.
Galliford Try Partnerships North will build the £62 million development on a 29-acre site it acquired from the council and Middlesbrough College. It is situated adjacent to the James Cook University Hospital in the Brackenhoe area.
Housing association Thirteen, which manages 34,000 properties across the North East and into Yorkshire, will take 100 of the homes once they are built. Of these, 78 will be let at “affordable” rent and the remaining 22 will be for shared ownership.
Sigma Capital, meanwhile, will take 80 properties to let on the private market through its Simple Life rental homes.
The remaining 170 will be sold on the open market through Galliford Try’s housebuilding division, Linden Homes.
Work on the two- to four-bedroomed properties could be underway early in the New Year.
“This is an exciting venture for the area; it’s something different, offering homes for a variety of tenures, including new build homes for private rent,” said Sean Egan, Galliford Try Partnerships North’s managing director.
“We are delighted that Thirteen and Sigma Capital are ready to join us on this initiative, which we have worked hard, for many months, to bring together. Securing two such specialists gives us confidence that this would be a very important addition to Middlesbrough’s housing offer – helping meet the need for homes of all tenures.”
This is the largest of nine new Galliford Try Partnerships North projects granted planning consent over the past few weeks. With a gross development value of almost £200 million, they will deliver over 1,000 new homes across the region.