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 will probably be 33 single-family homes in addition to 79 flats, with the primary handovers being in Q1 in 2026.
That is the fourth part of labor at Castleward, which sits alongside current multi-tenure developments within the space.
Beth Bundonis, regional managing director at Lovell within the East Midlands, stated: “Our important work to create purposeful communities and produce ahead efficient housing within the East Midlands continues, with part 4 – and the forthcoming part 5 – including to the important regeneration of Derby and creating an enduring 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 implausible companions we work with.
“Via these similar to 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 want to hire or purchase, folks can discover a new residence at Castleward.”
Positioned between Derbion procuring centre and Derby Midlands Station, the £100m Castleward scheme is probably the most important housing challenge within the metropolis.
It’s set to ship round 800 new houses together with inexperienced house and 35,000 sq. ft of business retail house by its complete completion.
