Work begins on next phase of regeneration scheme

Construction work is now underway on the next phase of Castleward, Compendium Living’s landmark Derby city centre regeneration scheme with Derby City Council and Homes England.

The regeneration specialist has now begun work on the latest addition to its £100m project, where a selection of 42 two and three-bedroom homes, low-rise apartments and duplex-style properties will be available to purchase in 2020.

Twelve affordable apartments will also be built as part of this phase of Castleward on behalf of housing association Riverside.

Dave Bullock, managing director at Compendium Living, said: “We are so excited to have started work on the next phase of Castleward.

“The first phase was extremely popular and we anticipate the next phase will be too.

“We will be bringing more modern and contemporary homes to the city centre, ideal for first time buyers, young professionals and commuters searching for a brand new home within easy reach of transport links and amenities.”

Karl Tupling, general manager for Homes England in the Midlands, said: “Homes England is committed to working with partners in local areas to accelerate the supply of new homes. The Castleward development shows what a partnering approach can achieve as the development continues to provide much needed good quality affordable homes in Derby city centre.”

Councillor Matthew Holmes, deputy leader of Derby City Council, added: “Castleward is an important housing-led regeneration scheme which will help to ensure continued economic growth and make Derby a great city in which to live and work.”