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ProCon Leicestershire Awards 2020-2021

Project Detail

Abbey Meadows, Leicester

Property Deal of the Year Award 2020-2021 Finalist

82 new homes are being built at Lock 44 – Wolsey Island thanks to a partnership forged between a developer, a housing association and a contractor.

Newtown Living, Nottingham Community Housing Association and Lovell Partnerships struck the £18 million deal to redevelop the 4.8 acre site on previously derelict industrial land.

Part of Leicester’s waterside regeneration, the site is bounded by the River Soar and the Grand Union Canal.

Project Overview

The 82 two, three and four-bedroom houses being built at Lock 44 will transform the redundant manufacturing site.

Nottingham Community Housing Association is buying 47 of the new properties to let them as affordable homes. The other 35 will be rented out by Newtown Living; the build to rent family housing brand of parent company GS Residential.

To achieve the deal, the parties had to overcome obstacles including the location and history of the site, the lack of local services and infrastructure, and the phasing of the development amid Covid restrictions.

Lock 44 – Wolsey Island is Leicester’s first build to rent scheme for houses rather than flats. The privately rented homes will be serviced, including gardens being maintained and windows cleaned.

  •  

    Entered by

    Nelsons
    Addison Hunt Limited
    Newtown Living


    Parties involved

    Nottingham Community Housing Association
    Ken Hirons
    Lovell Partnerships
    rg+p

  •  

    Contract Value

    £18m

  •  

    Completion Date

    November 2019

  •  

    Scheme Location

    Abbey Meadows
    Leicester


    LE4 5FH

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