Landlord insurance providers will welcome the news that Peterborough’s biggest landlord intends to build at least another 600 houses in the city over the next three years.
Cross Keys Homes say they will be spending £60 million on presenting the Cambridgeshire city with 600 new homes but also say they want landowners interested in selling their plots to contact them, as they would like to undertake even more projects if the possibility arises. It can only be good news for Peterborough which already has over 9,000 residents on its ever growing Housing Waiting List.
Julian Foster, director of resources at Cross Keys, says the company is dedicated to providing Peterborough with new homes, explaining “We have about 600 new homes already committed to be built and that process started last year and will run until 2015. We have set a target of building at least 250 per year. We hope to build up to 1,000 homes by 2015 but that relies on us acquiring new sites. At the moment we have about 15 sites in Peterborough where we are building houses but we are keen to talk to local landowners who want to sell land. Not only will these homes provide accommodation for people desperately in need of that but they will also boost the local economy significantly by creating many new jobs.”
The company, who are a not-for profit charitable housing association, are building, or planning to build, in many areas of the city including; Stanground, Eye, Westwood, Priestgate, Bretton and Honeyhill. Many of the sites will see private landlords and first time buyers also buying properties in the developments which the city fathers hope will give a rounded, integrated feel to the areas.