Name of development: ‘Castleward’
What is the development?
This scheme is made up of 40 homes comprised of 26 affordable rent units and 14 shared ownership units. Compendium Living is developing approximately 800 homes across the site in addition commercial retain space, a primary school and community space over the 30-acre site. The redevelopment will be over 15-20 year period, for which Riverside Home Ownership will be the management company.
Site type: Brownfield
Contract sum: £3,712,949
Key Funding Source: £999,000 Recycled Capital Grant Fund
Local authority area: Derby City Council
Developer – Compendium Regeneration Limited
Purchasers Agent – Aecom
Estimated date of completion for the 40 new homes will be May 2016
The affordable rent properties will be allocated at first let via Derby Homefinder Choice Based Lettings.
Who is the development contact: Corren Black