Latest News | 9 May 2024

Progress continues on urban village scheme

Bondholders:
Derby City Council
Compendium Living
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Progress continues to be made on a new urban village being created in the city centre by Compendium Living.

The Castleward Urban Village is transforming underused brownfield land into a thriving residential neighbourhood, and now more and more residents are calling the city centre home.

To date, 300 properties have been built including 73 affordable homes managed by The Riverside Group.

To celebrate this continued progress, Derby City Council cabinet members Councillor Nadine Peatfield and Councillor Shiraz Khan recently visited the some of the homes from Phase Three of the development, along with Bruce Lister, managing director at Compendium Living and Ian Woodland, regional development lead from Riverside.

Demolition work is well underway for Phase Four at Castleward.

This penultimate phase will see a further 112 homes created. In all, the project will deliver around 800 new homes, complemented by a tree lined boulevard, new primary school and retail space.

Councillor Peatfield, cabinet member for city centre, regeneration, culture and tourism, said: “I’m delighted with the progress we are continuing to see at Castleward.

“As we continue to attract people to live in the city centre, we have to continue delivering a mix of high-quality housing that includes affordable homes.

“A diverse population brings life and vibrancy to our streets, so it’s vital that we don’t price people out of city-centre living and instead create a community that is accessible for all.

“I’m now looking forward to seeing work progress on the final two phases of the scheme as we continue our journey to transform the city centre.”

Bruce Lister, managing director at Compendium Living, said: “Castleward is a key project for Compendium Living, bringing an underused brownfield site back to life as a high quality, diverse residential area.

“We are delighted to be working in partnership with Riverside and Derby City Council to transform it into a thriving place where people want to live, and it’s great to see people moving in and enjoying their new homes.

“Now that Phase 3 is successfully completed, we are looking forward to starting work on the next phase this summer.”


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