Redrow plans 300 new homes in £70m project

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Housebuilding company Redrow has announced plans for three new sites across the Midlands with a sales value of around £70m…

After announcing record levels of success across England and Wales last month, housebuilding company Redrow has revealed plans to develop three new sites across the Midlands.

The firm reported half year legal completions were up by 18 per cent to 1,850, with the average number of outlets growing from 93 to 101.

Building on this success, Redrow plans to construct 300 new homes in Hinckley, Tamworth, and Shropshire.

The site in Hinckley, located on Coventry Road, has seen work begin to bring the former commercial and industrial site back into use. Redrow currently has planning permission for 122 properties, of which 16 will be affordable homes. The site will have a sales value of just under £29m. Redrow will also invest £400,000 in the local area, which will include developing public open space and education.

Planning permission for the site in Shropshire will see 65 homes built on Wolverhampton Road, Shifnal. Work is set to begin in April. The firm will spend £350,000 improving the local area and will also contribute £200,000 to travel around the site. The development will have 10 affordable properties and a finished sales value of £21m.

A planning application has been submitted for the Tamworth site comprising of 94 properties, 28 of which will be affordable, and will have a sales value of £28m. Redrow will invest £350,000 in the community, which will be used towards education, travel, and public open space.

The Managing Director of Redrow Homes (Midlands) Darren Turk said: “The success we’ve enjoyed nationally is reflected in the Midlands region where we’ve recently sold out at a number of our developments or only limited availability remains.

“Our strategy to grow the business is to increase the number of sales outlets.

“Subject to planning we’ll be launching three new developments in the western patch of our Midlands division over the coming months.

“Between them they will offer 281 homes in a variety of sizes and styles to meet a wide breadth of customer demand. They will also contribute to meeting the country’s acknowledged shortfall in new housing.”

Turk continued: “Our new developments will bring investment that will benefit those who already live in these neighbourhoods as well as the people who buy our new homes.

“They will also have a positive impact on the local economy with industry statistics showing that 1.5 full time jobs are created for every home built – and that’s not including jobs in the supply chain.”

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