Barratt and Peel ink deal on £200m housing tie-up

Housebuilding firm Barratt and developer Peel Group have announced a tie up for housing schemes in the North-east and North-west.

The deal will allow Barratt to build homes on land owned by the developer in those regions.

The agreement covers 80 acres across six sites with the potential for over 1,000 homes to be built over the next five years worth up to £200m.

Barratt Homes’ Manchester division will soon submit planning applications for schemes in Wigan and south Liverpool totalling almost 500 houses.

The remaining developments are in Greater Manchester, Cheshire and South Yorkshire.

Neil Goodwin, managing director of Barratt Homes Manchester, said: “The two companies share a common vision for the revitalisation of our economy and our markets by the provision of much-needed new housing.

“We hope to be selling from the first two sites in time for spring and summer next year.”

Louise Morrissey, director of land and planning at Peel Land and Property, said: “Our agreement with Barratt Homes represents a new way forward during these times of recovery for markets generally and the housebuilding industry in particular.

“The goal is to bring forward our residential sites and deliver quality new family homes which we know Barratt Homes will do.”