Planning permission has been granted for the next phase of our ambitious and popular Castleward development in Derby. Phase 4 of this long-term regeneration scheme will provide a further 112 new, modern homes in Derby city centre.
Castleward is a £100 million development and one of the city’s largest housing projects. We are redeveloping the area, which sits between Derbion shopping centre and Derby Midland Station, over 15-20 years. The project also includes green space and 35,000 square feet of commercial retail space.
This fourth phase of Castleward, split over two sites, will consist of a further 112 high quality new homes. It will include two, three and four-bedroom houses and one and two-bedroom apartments. There will be 34 affordable homes for housing association Riverside, and 78 properties will be available through open market sale.
As on the other phases, Lovell Partnerships, our construction partner, will carry out the building works. We anticipate that work will start in 2024, after completion of Phase 3 which is currently under construction.
Bruce Lister, Managing Director at Compendium Living, said: “We are very proud to have received planning permission to bring another 112 brand-new homes to Derby. This continues our successful regeneration of Castleward with Derby City Council, furthering our investment in the city.
“The fourth phase will meet the needs of local people by providing employment opportunities, economic benefits and high-quality homes. We put placemaking at the heart of our what we do. We are committed to transforming Castleward into a vibrant, sustainable new community that residents can feel proud to call home.
Paul Simpson, Chief Executive of Derby City Council, said: “We’ve already created an attractive gateway to the city in the first three phases, and we’re excited to continue that with phase 4.
“This latest phase of work will deliver more high-quality homes for Derby. It will help us continue to build a new community in the city centre following the opening of Castleward Spencer Academy primary and nursery school in 2021.
“Now that planning permission has been received, we’re looking forward to seeing these new homes take shape.”
Beth Bundonis, regional managing director of Lovell Homes’ East Midlands office, said: “Following on from the first three hugely successful phases, the next step in the Castleward development will bring more of the homes this area needs. It will also continue to build on the vibrant community we’re developing for our residents.
“Lovell’s mission is to build a lasting legacy through high-quality homes and purposeful communities. The Compendium Living Castleward development is a clear example of the heights our mission can take us to. We’re immensely pleased with its success.”
Ian Woodland, Regional Development Director at Riverside, said: “Riverside are proud to have been closely involved in this significant regeneration project from the outset. The planning approval of this latest phase is another major step forward in providing much needed high-quality energy efficient affordable homes for local people.”