Construction work has now officially begun on the fourth phase of our major Castleward development in Derby city centre. This follows the successful completion of Castleward Phase 3 in spring 2024.
L-R: Richard Bailey (Homes England), Bruce Lister (Compendium Living), Cllr Nadine Peatfield (Derby City Council), Tim Mansell (Lovell)
We celebrated the start of Phase 4 on 27th August 2024 with our regeneration partners on the project. Derby City Council, our constructor Lovell, and Homes England joined us for a breaking-ground ceremony on this brownfield site.
Castleward is a £100 million development and one of the city’s largest housing projects. It is ideally situated for city-living, between Derbion shopping centre and Derby Midland Station. In total, the scheme will provide around 700 new homes, green space and nearly 35,000 square feet of commercial retail space. We are delivering this long-term placemaking project over a period of 15 to 20 years.
Phase 4
Illustrative CGI, John Street site
This fourth phase of Castleward is close to The Boulevard, and is split over two sites. The largest of these is on Canal Street, with a smaller site on John Street. The phase will provide 112 new mix-tenure homes, a combination of two and three-bedroom houses and one and two-bedroom apartments. We expect to complete work on this phase in early 2027, and are already preparing designs for phase five.
Bruce Lister, Managing Director at Compendium Living, said: “Castleward is a hugely significant development, both for us at Compendium Living and for the people of Derby. We couldn’t be happier to have commenced work on our fourth phase.
“We began with Phase 1 of the Castleward redevelopment over a decade ago and I am so proud of the bustling, vibrant community that has grown here since then. To now be starting phase four is an incredible milestone. We are looking forward to adding to our previous success and welcoming more residents into their new homes.
Cllr Nadine Peatfield, Leader of Derby City Council, said: “It’s great to see work beginning on this latest phase of the Castleward redevelopment. I’m delighted to attend this groundbreaking event with key partners behind the project.
“It is a key part of our work to transform Derby city centre. We want to see it become a vibrant and attractive place to live, work and visit. Already we’ve seen hundreds of people call Castleward home and have created a new gateway between the city centre and the railway station.
“I’m looking forward to seeing the new homes take shape over the coming months and seeing more residents make the switch to city centre living.”
Beth Bundonis, Regional Managing Director at Lovell in the East Midlands, said: “Our relationship with Compendium Living has grown from strength to strength throughout the previous three phases of the Castleward development. This latest phase continues our vital work creating purposeful communities and effective housing in the East Midlands. Critically it also supports regional housing targets.
“The upcoming homes mean we’re able to leave a lasting legacy through this vital regeneration scheme. The project combines placemaking with a focus on both top-quality housing and successful community integration.”