Galliford Try forms JV for £44m Nottingham housing scheme

Galliford Try Partnerships has formed a joint venture with affordable housing provider Metropolitan to begin work on a £44m regeneration scheme that will deliver 171 new homes in Nottingham.

The firms will work alongside Rushcliffe Borough Council to deliver to deliver the properties on Wilford Lane, comprising 51 affordable homes, available for affordable rent and shared ownership, as well as 120 open-market sale homes.

Construction work is underway and is due to complete within four years. The first homes are expected to be available for sale from this autumn.

As part of the project, Galliford Try Partnerships will also provide access to land adjacent to the site that is owned by Nottinghamshire County Council, which is planned to be used for a new school.

Stephen Teagle, chief executive at Galliford Try (pictured), said: “This partnership is the first major contract for our recently established East Midlands team, helping us to further strengthen our national footprint as a leading regeneration specialist.”

Metropolitan, which is headquartered in London, owns and manages a portfolio of more than 37,000 homes and serves nearly 71,000 customers across the capital, the East Midlands and the East of England.