Work is going on to provide more than 100 new homes for Corby
Strata Homes Midlands has completed the acquisition of two sites in the town which will see the development of 106 properties on two developments.
The company bought the first site, former accommodation for the homeless at Bridge Court, from the borough council at the end of April and has contracted the build of 32 affordable homes to the Metropolitan Housing Trust Limited. Priority will be given to local residents.
Strata has also acquired a neighbouring nine-acre plot off Cottingham Road, where 74 three, four and five bedroom family homes are being built.
Both developments are expected to be completed in 2014.
DLA Piper’s real estate and planning teams in Sheffield, led by Nigel Howard, advised Strata on the acquisition of both sites.
Mr Howard said: “Despite what continues to be a difficult market for the construction sector, Strata is forging ahead with the development of these sites to provide a significant number of new homes for local families.
“A great deal of work has gone into the proposals to ensure they provide the best quality developments to meet the needs of both council and community and we are pleased that we have been able to facilitate a successful outcome for Strata.”
Jim Wren, chief executive at Strata, said: “The acquisition of Bridge Court and Cottingham Road was a lengthy process involving significant negotiations with the council, the local planning office and the Metropolitan Housing Trust. Representing our latest investment into the Midlands, its completion demonstrates our commitment to providing quality, sustainable homes for families in the Corby area.
“Both developments, in close proximity to the rail station and just an hour from London, are a feasible option for commuters and will act as a natural extension to the existing conurbation.
“We are looking forward to our show house opening in September.”