Some 2,500 houses will likely be supplied over the subsequent 10 years in Cardiff and Vale after developer Lovell, Cardiff Council and Vale of Glamorgan Council signed a partnership contract.
At the very least 50% of the houses will likely be reasonably priced properties accessible through social lease or shared possession, and the rest will likely be open market sale houses.
Building work on the primary undertaking below the partnership is because of start in December 2025, with the primary properties due for occupation in direction of the tip of 2026.
James Duffett, regional managing director at Lovell, stated: “Finishing contracts on such a major residential programme is an extremely proud second for us at Lovell, and the start of what is going to be a really rewarding 10-year partnership.
“Cardiff has been our house for a few years and this main funding by each Councils will likely be genuinely transformative.”
This undertaking is Cardiff Council’s second housing programme, following the Cardiff Residing scheme, and varieties a part of its wider improvement plans to ship greater than 4,000 new houses within the metropolis.
The council has efficiently delivered over 300 new houses for social lease within the final 5 years, although the partnership ought to enhance the size and tempo of its housing supply.
Cllr Lynda Thorne, cupboard member for housing and communities on Cardiff Council, stated: “We’re delighted to be working in partnership with Lovell and Vale of Glamorgan Council on this bold housing programme. This undertaking marks a significant step ahead in our dedication to ship high-quality, reasonably priced houses for the individuals in Cardiff.
“By collaborating with skilled companions, we’re not solely creating new houses but in addition investing in vibrant, sustainable communities and offering alternatives for native individuals. The completion of those contracts is a major milestone, and we sit up for seeing the constructive affect this partnership could have throughout the area for years to come back.”
