Vistry Group has acquired a 47-acre residential development site in Boulton Moor, Derby, for an undisclosed price.
The housebuilder intends to build 526 new homes across a mix of different tenures. The site will include affordable housing, family homes and a playground.
The development forms the third phase of Derby’s Strategic Urban Extension, which is designed to create a 2,600-home village attached to the city.
Planning permission was granted in May for the 526 homes and Vistry is expected to make a start on site later this year.
Dave Bradley, managing director of Vistry North Midlands, said: “I am delighted that our land team has completed the acquisition of land to build 526 high quality new homes at Boulton Moor. This marks a significant step forward in bringing much-needed housing to the area, including a blend of affordable, PRS and private homes designed to create a vibrant and sustainable community. We look forward to working with our partners and stakeholders to bring this development to life and provide homes that cater to the needs of local people.”
