Three organisations have entered into a joint venture (JV) partnership as part of plans to build hundreds of new homes in the 海角视频.
The Galliard Apsley Partnership - a joint venture between Galliard Homes and Apsley House Capital - have brought in Birmingham property developer Wavensmere Homes to help them deliver more than 430 new homes in Balsall Heath, Birmingham.
Plans for the Belgrave Village scheme - which was given the green light in October - include the construction of 438 new homes comprising two, three and four-bed town houses and one and two-bed apartments designed around courtyard gardens, public realm and a linear park.
Work on the scheme, which will also boast retail space and parking facilities, is due to start in the first quarter of 2022 with an estimated three-year build programme.
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Elsewhere, Galliard Homes and Wavensmere Homes, will build 400 new and converted homes at Barrelman's Point, Shotley, near Ipswich, on the site of the former HMS Ganges Naval facility.
The 60-acre development will also comprise new and converted commercial and leisure premises in a new commercial centre, which will include a grocer, retail space, a gymnasium and children's play areas.
Construction of Barrelman's Point is also expected to start early next year.
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Stephen Conway, executive chairman at Galliard Homes, said: "We are delighted to have entered into joint venture developments with Wavensmere Homes, along with our existing partner Apsley House Capital.
"Together we will deliver around £300 million of new development and provide almost 850 new homes.
"The new developments will offer high quality, affordable homes for hard-working families in Birmingham and the London commuter region."
Belgrave Village and Barrelman's Point build on the existing joint venture partnership between Galliard Homes and Apsley House Capital.
Established in 2017, The Galliard Apsley Partnership has already established a £400 million plus portfolio of current and pipeline developments in Birmingham, with projects including The Timber Yard, St Paul's Quarter and Soho Wharf delivering some 1,400 homes and more than 9,290 square metres of commercial space.
Now the JV partners are looking at other development opportunities across the Midlands and South East.
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Gerard Nock, chairman at Apsley House Capital, said: "As demonstrated by the construction of The Timber Yard and Soho Wharf, the partners are committed to delivering and creating new communities through inspired regeneration projects.
"We are very excited about the new partnership with Wavensmere Homes and are looking forward to commencing the first development together at Belgrave Village in early 2022."
James Dickens, managing director at Wavensmere Homes, added: "We are delighted to be working with The Galliard Apsley Partnership. Our collaborative approach will make a significant impact on urban regeneration in the Midlands and South East.
"Wavensmere Homes has a proven track record in restoring historic buildings to their former glory, a skillset which will add significant value to Barrelman's Point and one of the reasons we have joined the partnership."