Galliard prepares £265m residential schemes

Residential developer Galliard Homes is preparing plans for three recently acquired sites with a combined gross development value of £265m.Galliard is planning developments in Milton Keynes, Ilford and Ipswich.The first new site is on Midsummer Boulevard in Milton Keynes, where Galliard has acquired The Point, a former entertainment complex. Working with joint venture partner DS Real Estate, Galliard is looking at bringing new homes as well as ground-floor commercial units or leisure amenities to the site, with a potential GDV of up to £150m.The second site is a former hotel and restaurant on Redbridge Lane East in Ilford, where Galliard plans a mixed-use development of new homes and ground-floor retail space, with a GDV of £65m.Galliard expects to lodge planning applications for both of these sites later this year.The third site, on Grafton Way in Ipswich, already has planning consent for 173 houses, alongside two commercial units, communal gardens and public landscaping, with the total site extending 3.1 hectares. Construction work on the £50m GDV scheme, forming part of a wider regeneration of Ipswich town centre., is expected to start later this year.