Torus, Castle Green strike £150m affordable housing deal

A total of 589 homes will be available for mixed tenures across four sites in Crewe, Daresbury, Congleton, and Thornton under the housing provider and homebuilder’s partnership.

Torus Developments has invested £150m to provide affordable housing across the North West in a deal with Castle Green Homes.

The seven-year deal will deliver 589 affordable rent or shared ownership homes at Bridgewater View in Daresbury, Flowers Lane in Crewe, Viking Way in Congleton, and Orchard Place in Thornton.

Castle Green acquired the Daresbury site at Bridgewater View for £25m last June, which will introduce 85 affordable homes.

Torus will provide a further 204 properties in Crewe, 238 in Congleton, and 62 in Thornton.

These homes are expected to be complete by 2030.

Chris Bowen, managing director at Torus Developments, said: “This partnership is exciting for a number of reasons – first of all, it represents our commitment to working closely with Castle Green Homes as a key partner for the next few years, but secondly it highlights our dedication to investing, long term, in building great, affordable homes in schemes of sufficient scale to transform places.

“It is the type of partnership we are seeking with volume house builders to help boost supply with greater confidence in delivery”, he continued.

“Over the years, we have grown our development pipeline and I am thrilled to now be heading up a team delivering large-scale schemes and building thousands of new affordable homes in the next few years.”

Eoin O’Donnell, partnerships director for Castle Green Partnerships, part of Castle Green Homes, said: “We’re proud to have established strong links with Torus to deliver much-needed high-quality affordable homes over the coming years.

“This will initially increase the options available to people in Daresbury, Cheshire, with several other schemes in the pipeline across the North West of England.”