Sutton-in-Ashfield set to benefit from new housing development
Sutton-in-Ashfield is set to benefit from 110 new homes, delivered by Countryside, the UK’s leading mixed-tenure developer, in partnership with Gatehouse and emh group.
Countryside has completed the land purchase for the site at Alfreton Road, Sutton-in-Ashfield and will soon be commencing construction on behalf of Gatehouse Bank and TPG Real Estate – who last year formed a joint venture to deliver high-quality, single-family build-to-rent housing across the UK – and emh group, a leading provider of quality affordable homes across the East Midlands.
The two, three and four-bedroom properties will be built on land behind Alfreton Road, near the A38, bringing much-needed new rental and affordable properties to the area.
A new access road will link the new homes to Alfreton Road and a new footpath will provide a direct link through to Mapplewells Primary School.
99 of the properties will be available for private rental through the Gatehouse Bank and TPG Real Estate joint venture and 11 properties will be affordable homes owned and managed by emh group.
Glyn Mabey, Managing Director, East Midlands, Countryside said: “We are committed to regenerating areas and creating communities that people can be proud of. This site will bring much needed housing to the Sutton-in-Ashfield area.
“We are delighted to be partnering with Gatehouse Bank, TPG Real Estate and emh Group on this inclusive residential development which will not only create housing, but also local employment and investment in the local economy.”
Paul Stockwell, Chief Commercial Officer, Gatehouse Bank, added: “We are delighted to partner with Countryside to expand our single-family housing portfolio. Countryside has an unrivalled reputation for building houses that meet the requirements of local communities, and as such we are pleased to join them in bringing these new homes to Sutton-in-Ashfield”
“High-quality rental homes, offering families the space they need with security of tenure, are a key element of new housing schemes and a sector we are proud to have a long track record in.”
Chris Jones, Executive Director of Development at emh, said: “We are proud that our strong partnership enables us to build the high-quality affordable homes needed within the local community where it matters. This development will provide a real boost to Sutton-in-Ashfield