Deals worth circa £140 million have been agreed with leading developer Lovell Partnerships and Homes England which will provide more than 500 new homes at two former Ministry of Defence sites in Yorkshire and Wiltshire.
The former Royal Ordnance Factory at Thorp Arch, near Wetherby and the former Defence Medical Equipment Depot (DMED) in Ludgershall near Andover will provide a mix of affordable and open market homes along with over significant training opportunities and significant investment to the local economy.
Lovell’s Eastern region, based in Leeds anticipates starting construction work on the Thorp Arch site, which forms part of the trading estate of the name, in October this year. The development which will take around three years to complete and has a gross development value of circa £30 million, will comprise a total of 119 homes, 42 of which will be affordable available via a Registered Provider. Lovell has been working closely with Leeds City Council and Homes England to develop a scheme appropriate for this site
The company’s South West and South Wales region will work on the DMED site, named Drummond Park. This bigger scheme, which has a gross development value of circa £110 million will deliver 413 homes, 25 per cent of which will be affordable. Work will commence on this project, in June next year and will take approximately six years to complete.
Steve Coleby, Lovell Partnerships Managing Director commented, “We are pleased to have purchased these two sites from Homes England. Despite the current unprecedented position, our focus remains, to address the housing shortage by working in partnerships where our expertise and ability to think innovatively is helping to accelerate housing led-regeneration, sustainable communities and social renewal.”