Housing specialist Lovell and build-to-rent developer-operator Placefirst have signed a £22M build-to-rent deal in Derby.
On the Castleward improvement there shall be 33 single-family homes in addition to 79 flats, with the primary handovers being in Q1 in 2026.
That is the fourth section of labor at Castleward, which sits alongside present multi-tenure developments within the space.
Beth Bundonis, regional managing director at Lovell within the East Midlands, stated: “Our very important work to create purposeful communities and convey ahead efficient housing within the East Midlands continues, with section 4 – and the forthcoming section 5 – including to the very important regeneration of Derby and creating a long-lasting legacy constructed round top-quality housing.
“This deal permits us to broaden the scope of what’s being delivered in Castleward and is a primary for Lovell within the East Midlands, serving to to solidify us as an enabler of housing selection for the improbable companions we work with.
“By these resembling Placefirst and Compendium Dwelling – the latter of which has offered houses beneath the earlier three phases – we’re in a position to be sure that whether or not they need to hire or purchase, folks can discover a new house at Castleward.”
Situated between Derbion procuring centre and Derby Midlands Station, the £100m Castleward scheme is probably the most vital housing mission within the metropolis.
It’s set to ship round 800 new houses together with inexperienced house and 35,000 sq. toes of economic retail house by its complete completion.
