Alliance Homes’ commitment to creating 2,000 new homes over the next ten years took a big step forward with the announcement of two significant property deals with developer Taylor Wimpey.
Alliance’s Director of Investment, Iain Lock, signed two deals with Taylor Wimpey on the same day, which will now mean that a further 71 new affordable homes are coming to North Somerset.
Building work has already started on site at Youngwood Lane, Nailsea and delivery of the 32 new social rent homes and nine shared ownership is expected between November 2023 and April 2024.
The second site involved is Weston Parklands in Weston-super-Mare. This site will see 24 homes being delivered for affordable rent and a further six for shared ownership between January 2023 and August 2025.
Commenting on the agreed transactions Iain Lock said: “We’re really pleased to be bringing so many new homes to North Somerset. It’s great to be working with Taylor Wimpey, who we’ve worked with before on a number of projects, so we know they deliver good quality.”
Rob Curry, sales and marketing director at Taylor Wimpey Bristol said: “We’re very happy to be working with Alliance Homes to bring a number of social rent and shared ownership properties to Nailsea and Weston-super-Mare.
“We’re looking forward to the developments, called Netherton Grange and Mead Fields respectively, becoming established communities.”
These deals come soon after the announcement that Alliance Homes will be bringing 127 affordable homes to Portishead following the social housing organisation’s purchase of the landmark development from luxury retirement provider, Lifestory.