Regeneration Liverpool, a partnership between Liverpool City Council and regeneration specialist Sigma Inpartnership, has announced the third phase of development at its £100 million scheme in Norris Green.
The phase will see 63 new homes built by Countryside Sigma, a joint venture between Countryside and Sigma Inpartnership, as part of the on-going redevelopment of the estate. 115 new homes have already been completed at Norris Green Village and construction of the latest phase will start on site in December.
Earlier phases have enjoyed the benefit of a shared equity product to assist first time buyers. The partnership and the Council are continuing to take shared equity on this latest phase as part of its long term investment in the area. It is expected that the value of this shared equity will grow as market conditions improve . The shared equity value is released when the first purchasers sell, or after 10 years, whichever happens first.
The new phase will be situated off Heathwaite Crescent and will comprise a mix of two storey two, three and four bedroom houses. 20 will be affordable homes and 43 will be sold privately. A selection of the three and four bedroom homes will also feature additional garages.
Graeme Hogg, director of Sigma Inpartnership, said: “This third phase marks another significant step in the redevelopment of Norris Green Village. The regeneration is building real momentum now – and we are delighted that the renewed confidence in the area is reflecting itself so positively in the form of new house sales.”
Ian Simpson, land director at Countryside, said: ” The first two phases at Norris Green Village have been extremely popular with all of the private homes having now been sold. We are confident that the sales on the third phase will be just as successful and we look forward to seeing the homes going up and more families moving in to the area.”
Councillor Ann O’Byrne, the city council’s Cabinet Member for Housing and chair of Regeneration Liverpool, said: “I’m delighted the third phase of this vital housing scheme is getting underway – it’s fantastic news for local people. The Regeneration Liverpool partnership is presenting really exciting opportunities for us to build a better future for our communities, and the massive progress being made in Norris Green is a shining example of that.”
Sigma Inpartnership has well established partnerships with Liverpool City Council, Salford City Council and Solihull Metropolitan Borough Council. These partnerships, in total, provide for the delivery of over 10,000 new homes, a significant number of new retail centres, health/medical centres, schools and mix of retail/ leisure facilities.
For more information visit www.sigmacapital.co.uk