Contracts have been exchanged on a brownfield site in Newport for a brand-new £85m mixed tenure development, which will be managed in partnership by Lovell and Tirion Homes with support from the Newport City Council and the Welsh Government.
The development, called Royal Victoria Court, will be located off Mendalgief Road in Pill on the site of a former steelworks, where remediation work has already been completed. The site will consist of 528 properties, including 220 one and two-bedroom apartments and 308 two, three and four-bedroom homes, with 50% available for open market sale and 50% affordable.
The planning application will be submitted shortly and, subject to approval, construction work is set to start on site in May or June this year. Completion of the development is expected in February/March 2025, and the first open market homes will be available for sale in November or December 2022.
Peter Mathias, Tirion Group Chair said: “We are delighted our partnership with Lovell will enable Tirion Homes to deliver a further 264 much needed affordable homes for rent as part of a major regeneration programme that will also include shopping and community facilities as well as a Primary School by Newport City Council.”