Galliford Try and Trafford Housing Trust form £100m JV
Galliford Try Partnerships and Trafford Housing Trust have formed a joint venture to deliver a £100m housebuilding programme at a site in Partington.
The partners have formed a joint venture called Heath Lane Farm and plan to build nearly 600 homes at the site on Heath Farm Lane, Partington, which backs on to Carrington Moss.
There will be a mix of homes on the development, including one to five-bedroom houses and apartments. Around 500 of these will be made available for private sale under Galliford Try’s Linden Homes brand and Trafford Housing Trust’s brand Laurus Homes.
A further 74 homes will be available for shared ownership or affordable rent.
The joint venture partners have now started work on a consultation process, with a planning application due to be submitted once the consultation is complete.
Subject to planning approval, the development could start on site next year.
Galliford Try Partnerships’ chief executive, Stephen Teagle, commented: “This is an exciting opportunity to work with the trust’s Laurus Homes housebuilding division and deliver a high-quality development that provides great homes, a great environment and contributes to the wider regeneration of Partington.
“It will provide homes and jobs for local people and add to our growing programme of delivering new homes in the North West.”
Larry Gold, deputy chief executive from Trafford Housing Trust, added: “Being based in Trafford, we are very familiar with both the challenges and huge opportunities that the Partington district has to offer.
“This scheme is just one of several transformational programmes in the pipeline for the area, and we look forward to working with Galliford Try Partnerships to drive this first phase of development.”