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24/10/2011

First Homes Complete At Stonebridge Park

The first homes have been completed at one of Nottingham's largest housing regeneration projects - and were officially opened by the Homes and Communities Agency's (HCA) Chief Executive, Pat Ritchie.

Pat Ritchie was joined by Matt Cooney, Chief Executive, LHA-ASRA Group, on a site tour and official hand-over of the first showhome at Stonebridge Park in St Ann’s.

LHA-ASRA is the organisation leading phase 1 of the regeneration programme, in partnership with the local community, Nottingham City Council and the HCA, and contractor Lovell building the properties.

The HCA provided £5.7m to kickstart the scheme, unlocking a total investment of £11 million for new housing to create more choice for residents and a mixed and sustainable neighbourhood.

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Phase 1 of the regeneration programmes will see a total of 95 new homes completed in Eastham Close, Dennett Close, Magson Close and St Matthias Road. A selection of spacious two, three and four bedroom properties will provide new family accommodation for the area and new residents will be able to choose a tenure which best meets their needs, from buying outright to renting, or the "try before you buy" option, which involves renting for a period before buying.

Pat Ritchie, Chief Executive, HCA: "This is great news for Nottingham and an important milestone in the regeneration of Nottingham's Eastside. From the start this project has been led by the community, and we are pleased that they will very soon be able to see the benefits of new housing within their neighbourhood. The scheme has followed a comprehensive approach to regeneration – and our investment into housing is being complemented by health, employment and economic initiatives."

All homes are built to high environmental and design standards, achieving Level 4 of the Code for Sustainable Homes. Improvements to the public realm and green space have also been incorporated in the plans.

(CD)

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