Redrow Homes has begun work on three residential developments in the south of England with a total completed value of £156m.
Around 202 apartments will be built in Bournemouth, which will have a finished value of £56m. Lymington will be home to Redrow’s development of 308 one and two-bed apartments including 55 shared-ownership properties, 10 live-work units and 38 affordable units as well as properties for commercial use (restaurant and retail outlets). Once complete, the venture will be valued at £80m.
In Downton, Wiltshire, Redrow is creating a new development of 50 ‘greener’ homes. Redrow claims that 33 new four and five-bed homes and 17 affordable properties will all achieve level three of the code for sustainable homes, which is the Government’s target in two years for all properties. This development will have a completed value of £20m.