Galliard forms new partnership in the Midlands to build 850 homes
London developer Galliard Homes has teamed up with regional landowner-developer Apsley House Capital and Midlands-based property developer Wavensmere Homes to deliver a brace of schemes worth £300m.
The two residential-led schemes, Belgrave Village in Birmingham and the regeneration of the HMS Ganges Naval facility in Shotley near Ipswich.
Belgrave Village will be built in Balsall Heath, between the city centre and Moseley, the 12-acre development fronts the A4540 Belgrave Middleway and the A435 Haden Way and is bounded by Sherbourne Road and Balsall Heath Road. Plans of Belgrave Villagee aresSubject to Section 106 Agreement finalisation with the three-year build programme expected to start in the first quarter of next year.
Barrelman’s Point will provide 400 homes at Shotley Peninsula near Ipswich at a 60-acre site of the former historic HMS Ganges Naval facility.
Masterplanned by Clague Architects, the project will require the preservation and restoration of several Royal Navy heritage assets, including the Grade II listed ceremonial mast, Grade II listed entrance gates, a mid-19th Century Fort and two Martello Towers.
There will also be nearly 10,000 sq m of new and converted commercial and leisure premises in a new commercial centre which will include a grocer, retail space, a gymnasium and children’s play areas.
James Dickens, Managing Director at Wavensmere Homes, says; “Wavensmere Homes has a proven track record in restoring historic buildings to their former glory, a skill-set which will add significant value to Barrelmans Point and one of the reasons we have joined the partnership. I am delighted to be working with the Galliard Apsley Partnership, our collaborative approach will make a significant impact on urban regeneration in the Midlands and South East.”
Stephen Conway, Executive Chairman at Galliard Homes, says: “We are delighted to have entered into joint venture developments with Wavensmere Homes, facilitating around £300 million of new development and providing almost 850 new homes, also involving our existing partner Apsley House Capital. The new developments will deliver high-quality homes for hard-working families in Birmingham and the London commuter region.”
Gerard Nock, Chairman at Apsley House Capital says: “We are delighted that Wavensmere Homes has entered into a partnership to help deliver affordable homes in the West Midlands and London commuter region. As demonstrated by the construction of The Timber Yard and Soho Wharf the partners are committed to delivering and creating new communities through inspired regeneration projects. We are very excited about the new partnership and are looking forward to commencing the first development together at Belgrave Village in early 2022.
