Forge New Homes, the residential developer, has acquired a seven-acre site in Pilsley, North East Derbyshire for 98 homes.
Planning permission has been achieved to develop a mixture of bungalows, two, three and four bedroom homes for sale and two and three bedroom homes for shared ownership and affordable rent on the site.
The site was previously unused farm land.
This will be Forge New Homes’ first development. The business operates in the Sheffield City Region and is backed by five housing associations: Great Places Housing Group, Yorkshire Housing, Together Housing Group, South Yorkshire Housing Association, and The Guinness Partnership.
Andy Beattie, project director at Forge New Homes, said: “We are thrilled to have reached this stage of our development plans and take positive steps towards building much needed, high-quality family homes in the area.”
Tony Stacey, Chief Executive at South Yorkshire Housing Association, said: “We’re very pleased to see Forge New Homes starting work on this development, and it’s great to be working with our partners to increase the local supply of affordable homes. The 30 homes we’re acquiring for affordable rent and shared ownership will be lovely places to live.”
Works are expected to commence in May 2021, with properties placed on the market in the Autumn.
Jenny Walker, legal director and land acquisition specialist at Shakespeare Martineau led the deal.