Derby’s £100 million Castleward development is celebrating its latest success after being awarded a prestigious industry accolade.
Castleward scooped the Refurbishment and Regeneration accolade at the East Midlands Forum for the Built Environment Awards for its new community of homes and commercial space between Derby railway station and the Intu shopping centre.
Winners of the region’s best construction projects were announced at an awards ceremony held at The City Rooms in Leicester.
The Forum for the Built Environment is the leading independent built environment networking organisation, celebrating the benefits of developments as a whole.
Ian Woodland, Project Manager at Compendium Living, the developer behind Castleward, comments: “We are absolutely delighted that Castleward has been named the Refurbishment and Regeneration project for the East Midlands. “We are proud to receive this recognition so early on in the life of the project, with work on phase one of Castleward currently underway, and to know that we are making such a positive impact on the city of Derby. “While the new homes and commercial space will create a new community in which to live and work, everyone will feel the benefits of this project due to the tree-lined boulevard we are creating, which will provide a new gateway to the city centre and an attractive link between the railway station and the heart of Derby. “This award celebrates the excellent design of Castleward, its transformation of what was previously underused, brownfield land and all of the benefits it will bring to Derby in the future.”
Councillor Martin Rawson, deputy leader of Derby City Council, comments: “I am delighted that the Castleward Development has won this award. “The Council’s Labour-led administration is committed to delivering high quality new homes in our city centre. “Compendium Living’s Castleward development brings huge benefits, including its sustainable location, a new primary school and other facilities creating a vibrant new community within the heart of Derby.”
Lovell regional director Simon Medler says: “It’s fantastic to get this acknowledgement of the transformation which the development is bringing about in Derby. “We are very proud to be part of the team creating this exciting new community.”
Compendium Living was selected as the preferred developer by Derby City Council and the Government’s Homes and Communities Agency (HCA). Castleward is the redevelopment of 30 acres of brownfield land, which will become a brand new community of sustainable homes and businesses.
Phase one of Castleward will feature 164 new homes, 16,500 sq ft of commercial space, a boulevard and new open public space. In total, Castleward will feature 800 new homes and 35,000 sq ft of commercial space, as well as a public open space and a new boulevard linking the railway station to the city centre.
Castleward was officially launched in July, when the doors to its show homes were opened for the first time, and has already seen a high number of homes and apartments reserved off-plan. Ian adds: “We are very pleased with Castleward’s success so far and with the response we have had from home buyers, who have been impressed with the spacious, high quality homes and the fantastic location, which is just a stone’s throw from the city centre.”
Homes are priced from £102,950.
A selection of Castleward’s two and three-bedroom homes are also available to purchase using shared ownership through Riverside Home Ownership. Using the scheme buyers can purchase a 25% to 75% share of their home and pay rent on the remaining share.