Vistry Group is to build 228 new homes in Sileby.
The company has exchanged contracts on a 28.5-acre site on Barnards Drive and the land has a GDV of £63 million.
The new development will be made up of both affordable and open market homes. The new development will integrate seamlessly with the thriving Leicestershire community with a mix of one- bedroom maisonettes, and two-, three-, four-bedroom homes, all thoughtfully designed to complement the unique character of the area.
All the houses will be constructed using modern methods of construction, with timber frame panels produced at the local Vistry Works factory in Bardon, Leicestershire. This will improve the sustainability and speed of the construction process, as well as reducing disruption for the local community. Each home built using these panels emits 14,460kg CO2e less than a traditional brick-and-block house.
Andy Reynolds, Managing Director of Vistry South East Midlands, said: "We are thrilled to be bringing much-needed mixed-tenure homes to the area demonstrating our commitment to delivering high-quality, affordable homes in a sustainable manner to enhance communities and meet the diverse local housing needs in the area.
"We know that people from all walks of life will relish the opportunity to live in modern family homes and to be part of a vibrant and well-connected community here in Leicestershire."
The site has outline planning permission with Reserved Matters due to be submitted before the end of the year with a view to starting work on site in 2025.
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