Plans for a £62m Teesside housing project have been given the go-ahead.
Located in Middlesbrough, the plans consist of the construction of 350 mixed tenure two to four bedroomed homes to be built on a 29 acre site, adjacent to The James Cook University Hospital in the Brackenhoe area of the town.
Galliford Try Partnerships North acquired the site from Middlesbrough Council and Middlesbrough College, with the developer having also recruited partners for the project.
Thirteen will take 100 homes – 78 for affordable rent and 22 for shared ownership, whilst Sigma Capital will offer 80 properties through its Simple Life private rental brand. The remaining 170 homes will be for open market sale through Galliford Try’s housebuilding division, Linden Homes.
“This is an exciting venture for the area; it’s something different, offering homes for a variety of tenures, including new build homes for private rent,” said Sean Egan, managing director with Galliford Try Partnerships North.
“We are delighted that Thirteen and Sigma Capital are ready to join us on this initiative, which we have worked hard, for many months, to bring together. Securing two such specialists gives us confidence that this would be a very important addition to Middlesbrough’s housing offer – helping meet the need for homes of all tenures.”