Largest Joint Venture in North West
Galliford Try Partnerships and Trafford Housing Trust have joined together to create one of the largest Joint Ventures in the North West.
The JV has developed between the housebuilder and registered provider as part of a major regeneration opportunity in Greater Manchester.
The opportunity is worth more than £100M and will transform an area of Greater Manchester, providing some 600 new homes at Heath Farm Lane, Partington.
The newly established joint venture, known as Heath Lane Farm LLP, will focus on delivering high quality new homes, providing a sustainable new community which integrates within the existing Partington area.
Plans for the regeneration are being developed through consultation with the local community and are designed to make a vital contribution to the success of the Partington Priority Regeneration Area.
The consultation process is underway with planning expected to be submitted early in the new year, with a start on site predicted for later in 2018.
Situated less than one mile from Partington town centre, just ten miles south-west of Manchester city centre, the joint venture will create a new thriving community in the heart of Partington. A range of new homes, from one- to five-bedroom properties, will be available including apartments and family homes.
Five hundred of the new homes will be available for open market sale, with a further 74 houses available under shared ownership and affordable rental properties.
Galliford Try Partnerships’ chief executive, Stephen Teagle, commented: “This is an exciting opportunity to work with the Trust’s Laurus Homes housebuilding division and deliver a high-quality development that provides great homes, a great environment and contributes to the wider regeneration of Partington. It will provide homes and jobs for local people and add to our growing programme of delivering new homes in the North West.
Brendan Blythe, regional managing director at Galliford Try Partnerships North West, said: “Trafford Housing Trust has a well-established reputation within the Trafford and Greater Manchester area, therefore we are delighted to enter into this joint venture to establish Heath Farm Lane LLP and bring forward this important regeneration scheme.”
“In recent years, the Partington area has under gone extensive investment and we look forward to using our expertise in delivering high quality, sustainable housing to rejuvenate the area and create a thriving, high quality community.”
Larry Gold, Deputy Chief Executive from Trafford Housing Trust, said: “Being based in Trafford, we are very familiar with both the challenges and huge opportunities that the Partington district has to offer. This scheme is just one of several transformational programmes in the pipeline for the area, and we look forward to working with Galliford Try Partnerships to drive this first phase of development.”
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