Morgan Sindall Group’s affordable housing division Lovell and affordable housing provider Fairlake are set to create a £10.5 million development at Bassaleg, a popular location on the west side of Newport in South Wales.
The 82-home development – which will be called Parc Eglwys – will create brand-new homes for open market sale and increase affordable housing options for local people.
Lovell will build 40, two- and three-bedroom houses for open market sale with the first properties set to be released for sale early this summer. A further 42 affordable apartments are being delivered in partnership with Fairlake, (part of Seren Group), and with Newport City Council. Twenty-four will be exclusively available for people over the age of 55 through the fairlakeliving home ownership scheme and the remaining 18 apartments will be offered on a Rent to Buy basis through Charter Options.
Construction work is starting this month (March) and the scheme is due to complete in summer 2013.