Permission for the Nottingham-based Alvaredus was granted to Countryside Partnerships by Rushcliffe Borough Council and has signed agreements with emh group and Start Living for the scheme’s 333 affordable and private rented homes located at the Fairham mixed-use development.
‘Alvaredus’ (named as a nod to the area’s lineage to Alvaredus de Clifton) will provide a sustainable new community made up of two, three and four-bedroom properties.
“We are delighted to get the green light to start work to build a well-planned, safe and friendly community with a great mix of housing options to suit everyone. It is great to be partnering with emh group on this inclusive residential development which will not only create housing, but also local employment and with millions of pounds of investment in the local economy.”Martin Harrison, Managing Director, North-East Midlands, Countryside Partnerships
The scheme will deliver 133 homes for private sale, 100 affordable homes for emh group and 100 private rental homes – a mix of two, three and four-bedroom homes – through Start Living, the single-family Build to Rent joint venture (JV) between Gatehouse Investment Management and TPG Real Estate Partners. The first homes are expected to become available to rent in July 2024.
This new acquisition bring Start Living’s portfolio to 622 Build to Rent homes, with Fairham the platform’s ninth location.
Homes England and Clowes Developments have partnered to deliver Fairham, a 606-acre mixed-use neighbourhood located on the southern edge of Clifton.
Fairham will not only deliver new employment opportunities but will also assist Rushcliffe Borough Council in meeting its new homes target of 13,500 dwellings by 2030.
“We are proud to be working with Countryside Partnerships on this exciting new scheme. These 100 new high-quality homes will contribute towards meeting the housing aspirations of people in the area and will support the local community to thrive.”Chris Jones, Executive Director for Development, emh group
For Countryside Partnerships to achieve planning consent for Alvaredus, the team had to pay close attention to the Fairham masterplan and adhere to strict design codes intended to encourage developers to create schemes that comply with Fairham’s aspirations for quality, deliverability and sustainability, providing people with the opportunity to flourish and thrive in a well-rounded built and natural environment.
Residents at Alvaredus will benefit from Fairham’s expansive cycle ways, green corridors, ecological and wildlife zones, a neighbourhood centre and excellent public transport links.
“Having worked closely with Countryside Partnerships on other developments, it is hugely pleasing to be undertaking another project with them, which when complete will be Start Living’s third site in Nottingham. Securing planning permission is a major milestone for the scheme, and we look forward to construction getting underway.”Paul Stockwell, Managing Director, Gatehouse Investment Management
Situated alongside the A453 Remembrance Way that links directly to the M1 and a 20-minute tram ride into Nottingham city centre, Fairham is set to be the East Midlands’ most significant mixed-use development, boasting world-class connectivity and a prime commercial and residential location.
“After many years of planning Fairham, we are absolutely delighted to welcome Countryside Partnerships to the development. To date, most of the works at Fairham have centred around a £100m infrastructure works package, ensuring that power, utilities, sewerage, drainage and roads are in place. The first four buildings on Fairham Business Park are nearing completion with occupiers scheduled to move in before the end of the year. We have worked closely with the NET to create a brand-new access road off Mill Hill serving the Park and Ride and Fairham. Having the first housing developers mobilising their team on site is a very exciting next step for Fairham.”Robert Hepwood, Director, Clowes Developments
Countryside Partnerships is due to start the construction of Alvaredus at Fairham imminently.