Planning permission has been granted for the construction of 350 mixed tenure homes in Middlesbrough.
Regeneration specialist, Galliford Try Partnerships North, will build the £62 million development on a 29 acre site – adjacent to The James Cook University Hospital in the Brackenhoe area of the town.
Having acquired the site from Middlesbrough Council and Middlesbrough College, the developer has also recruited partners for the project.
Thirteen, which manages 34,000 properties from North Tyneside to York, will take 100 homes – 78 for affordable rent and 22 for shared ownership, whilst Sigma Capital, which specialises in homes for private rent at market level, will offer 80 such properties through its Simple Life private rental brand. The remaining 170 homes would be for open market sale through Galliford Try’s housebuilding division, Linden Homes.
Work on the two to four bedroomed properties could be underway early in the New Year. Sean Egan, Managing Director with Galliford Try Partnerships North said: “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.
“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.
*Picture caption – Galliford Try Partnerships North at Work*