Regeneration specialist Compendium Living has been given the green light to build the next phase of its popular Castleward development, providing a further 112 new homes in Derby city centre.
Castleward is a £100 million development and one of the city’s largest housing projects, providing around 800 new homes in total. The project, which sits between Derbion shopping centre and Derby Midland Station, is being delivered over a period of 15 to 20 years, and also includes green space and 35,000 square feet of commercial retail space.
The fourth phase of Castleward will consist of 112 new homes, including two, three and four-bedroom houses and one and two-bedroom apartments, split over two sites, one located on John Street and the other on Canal Street. There will be 34 affordable homes for housing association Riverside, and the remaining 78 properties will be available through open market sale.
Construction work will be carried out by Compendium Living’s construction partner, Lovell Partnerships, and is anticipated to start after Phase 3, which is currently under construction.
Bruce Lister, Managing Director at Compendium Living, said: “We are very proud to have received planning permission to bring another 112 brand-new homes to Derby and continue the successful regeneration of Castleward with Derby City Council, furthering our investment in the city.
“The fourth phase of Castleward will meet the needs of local people by providing employment opportunities, economic benefits and high-quality homes. We put placemaking at the heart of our work and are committed to transforming Castleward into a vibrant and sustainable new community that residents can feel proud to call home.
“We are looking forward to commencing work on the next phase and achieving the next milestone of this exciting development.”
Paul Simpson, Chief Executive of Derby City Council, said: “We’ve already created an attractive gateway to the city in the first three phases, and we’re excited to continue that with phase 4.
“This latest phase of work will deliver more high-quality homes for Derby and help us continue to build a new community in the city centre following the opening of Castleward Spencer Academy primary and nursery school in 2021.
“Now that planning permission has been granted, we’re looking forward to seeing these new homes take shape.”
