Linden Homes has confirmed that building work has started on the next phase of houses at a development on the former site of a HSBC management training college near St Albans.

The company has already completed 33 of the 55 properties in phase one at Hanstead Park, a collection of houses and apartments being built off Smug Oak Lane in Bricket Wood.

This latest stage of construction will see a further 74 homes delivered on the 40-acre site, with the first property already completed on phase two.

The development, a joint venture with Wates Developments, will eventually comprise 129 homes, including 107 properties for private sale and 22 affordable homes for rent or shared ownership.

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Jason Colmer, sales and marketing director at Linden Homes Eastern, said: "The first phase of homes at Hanstead Park has proved very popular among local buyers and people moving into the area, so we are pleased to be able to continue our work on the site.

"A wide range of homebuyers have moved onto this high-quality development and are already helping to create a thriving new community with a friendly atmosphere in this extremely desirable location."

As part of the planning agreement for the development, Linden Homes – part of Vistry Group – is providing funding of around £1.68 million for local services and infrastructure.

Contributions will include £446,880 to fund a six-day-a-week bus service on the site for five years, £175,000 for highway works and almost £200,000 for landscaping, restoring a running track and updating equipment in a children’s play area.

The developer is also providing £136,416 for local education, £8,008 for youth facilities and £27,465 for a library service.