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Twenty-six new affordable homes will be provided in Woodston, Peterborough thanks to a partnership between Cross Keys Homes and national house-builders Persimmon Homes following a £3.6 million investment.
The new development known as The Print Works, is located a mile away from Peterborough city centre off of Oundle Road on the former Johnston Press site, where for many years the Peterborough Telegraph rolled-off the presses. The homes in this new development have been suitably named after newspaper publications including the ‘Telegraph’, ‘Herald’, and ‘Gazette’ to mark the heritage of the site.
Cross Keys Homes will acquire four affordable rented homes and 22 shared ownership homes, with 17 homes already occupied to date, and nine more shared ownership homes due this summer.
Speaking about the development, Claire Higgins, Cross Keys Homes’ Chief Executive said: “We are committed to making a positive difference for the long term in Peterborough and its surrounding areas. To achieve this, we ensure that great affordable homes are available to even more people, and I am delighted that our partnership with Persimmons Homes will help to provide 26 much needed new affordable homes within Peterborough.
“We are looking at a number of other exciting opportunities with Persimmons Homes, which is a great reflection of our strong working relationship”.
Simon McDonald, managing director at Persimmon Homes East Midlands, added: “We’re delighted to be working alongside Cross Keys Homes to provide these much-needed affordable homes in Peterborough.
“The property market is buoyant in Peterborough. There is a real demand for good quality homes and we are helping to meet this need with this development, and the others we have built in the city in the last 12 months.
“As a company we are absolutely committed to supporting the communities in which we build. That includes a percentage of affordable housing at every development, as well as huge financial contributions towards things like education and highways through Section 106 agreements.”
The affordable homes are being built alongside 60 outright sale properties by Persimmon Homes.
The development is due for completion by the summer and is part of Cross Keys Homes’ ambitious development programme, which has committed to build just under 2000 new affordable homes by 2021.