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The depth of the local economy and the potential for growth make Nottingham the ideal place to provide new homes, according to developer Blocwork.
The company, which is a joint venture between bloc and Network Rail, is the city’s biggest developer of Build to Rent properties.
Director Richard Thomas says: “With the government’s recent announcement of 40,000 new homes to be built on brownfield railway land and its renewed focus on building homes that last, developers are looking at towns and cities that provide the potential for sustained and sustainable growth, and Nottingham is exactly that kind of place.
“Like all cities of its size, Nottingham has had its challenging times, but the opportunities available at the moment make it a great spot for developers looking to build the new homes the region sorely needs.
“When you pair major regeneration projects such as the Broad Marsh with strong transport links on your doorstep, it’s no surprise that there’s a strong desire to build in the city.”
Blocwork’s portfolio of nearly 350 new homes in the city includes The Barnum, where it worked alongside operator Grainger, and which recently won the Royal Town Planning Institute’s Excellence in Planning for Communities award for the East Midlands.
Parent company Bloc Group is currently working on a further 95 units for Lloyds Living on a joint venture with the Canal and River Trust at Castle Wharf.
Thomas adds: “Nottingham is rightly proud of its rail and canal infrastructure, so to be able to take some of the areas surrounding that and transform them into quality housing is a real honour for us.
“The success of the Barnum has been particularly pleasing, with the 348 homes fully occupied ahead of Grainger’s initial projections. This not only shows the real appetite for BTR in the Nottingham market, but a wider, growing trend of the desire to live centrally and close to transport infrastructure.”
Last week, Transport Secretary Heidi Alexander announced a further 200 new homes will be built on land owned by Network Rail adjacent to Station Street.
Scott Simpson, project director at blocwork and lead on the new project, says: “The site for the new development is incredibly strategic for the city, situated on a prominent corner of its southern gateway and close to other high-quality accommodation such as The Barnum and key amenities within the city centre.
“With the Barnum project completed successfully and several other key developments taking place in the area, Nottingham is at the cusp of a real period of opportunity, and we’re looking to take hold of that with this latest project.”
Simpson continues: “We’re working closely alongside Network Rail and the city council to ensure that what we’re proposing is right for the city and its prospective residents. While there are always challenges to delivery – particularly on difficult city centre sites – we’re confident that we can work collaboratively to find the right approach to take this development forward.
“The delivery of new homes a vital part of this government’s manifesto, and it’s important for us to work together with forward-thinking local authorities that have housing high up on their agenda.”
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