£15m deal struck for 66 homes at £40m Nottinghamshire development
Cameron Homes has forward sold 66 homes at its £40m Hawksley Rise development in Redhill, Nottinghamshire, in a £15m deal.
Coalville-based emh Group has acquired the homes, which will be made available for social rent and shared ownership.
The deal will allow Staffordshire-headquartered Cameron Homes to accelerate construction of the 144-home scheme ahead of the public sales launch for its remaining 78 properties in early 2027.
It is the first deal between Cameron Homes and emh Group, which manages around 20,000 properties across Leicestershire, Nottinghamshire and Derbyshire.
The housing provider has funded the off-plan acquisition through its Homes England grant programme.
The £15m package comprises 28 two-bedroom, 32 three-bedroom and six four-bedroom houses, with the first properties expected to be handed over to residents during the first half of 2027.
Elliott Lawley, senior land manager for Tara Group and Cameron Homes, said: “We are very pleased to be working with emh Group to help meet the local demand for single family homes for social rent and shared ownership.
“The scale of this deal will enable us to increase the intensity of our construction programme, with the two-year build providing a boost to the economy across north-east Nottinghamshire.”
Cameron Homes acquired the 17.2-acre site earlier this year in what was its largest single land acquisition since the housebuilder was established in 1994.
Gedling Borough Council has granted full planning permission for 144 homes, with groundworks now underway.
A sales operation for the 78 open-market properties is expected to launch in the first quarter of 2027.
Chris Jones, executive director of housing and development at emh Group, said: “We are thrilled to announce this strategic acquisition, which will see 66 wonderful new family houses made available to local people who need them most.
“We’ve selected the Hawksley Rise development because it’s so well located for community facilities, schooling and transport, while also having the benefit of a children’s play area on site.
“We are delighted to be working in partnership with Cameron Homes to deliver high-quality homes that residents can be proud of and look forward to welcoming the first residents early next year.”
The wider development will include 5.6 acres of public open space and a children’s play area, while the homes will incorporate solar panels and electric vehicle chargers.
Cameron Homes is currently building more than 200 homes across 11 developments and has a pipeline of sites expected to deliver around 1,000 further properties.
