A deal has been agreed which will see 150 new homes brought to the Northamptonshire town of Corby.

Hecurl, a joint venture between developer and investor Hector Newton and fund and asset manager Curlew, acquired a site next to Corby railway station from Homes England.

The developer will bring forward a new apartment build at the site, consisting of one and two bed properties available for private rent.

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The development will be the first purpose-built scheme in Northamptonshire where 100 per cent of homes will be available for private rental.

Athar Rashid, Managing Partner at Hecurl said: "We are delighted with the encouragement shown by Corby Council in supporting a Build To Rent development on this gateway site for the town.

"This flagship scheme will give local residents the opportunity to rent an affordable modern home, professionally managed and close to the town centre and local amenities."

Paul Oliver, CEO of Curlew added: "We hope that this first deal with Homes England will help to speed the delivery of BTR assets for both occupiers and investors – a mutual objective for both organisations."

Work on the new homes is expected to begin by Autumn 2019.

(CM/MH)