Lovell has signed a formal agreement with Birmingham City Council to lead the £1bn regeneration of the Druid’s Heath estate in Birmingham.
The agreement paves the way for one of the city’s largest estate renewal programmes, with around 3,500 homes planned over the next two decades.
More than half of the homes will be affordable, including 1,785 affordable properties and 400 homes designated for social rent.
Birmingham City Council said the partnership agreement provides a legally binding commitment that 51% of the homes delivered through the scheme will be affordable housing.
Lovell was appointed preferred development partner in January following a competitive procurement process.
The company will now work alongside the council and local residents to develop the next phase of proposals before the scheme returns to Birmingham’s planning committee later this year.
The wider regeneration programme will also include upgrades to transport infrastructure, community facilities, business space and public green areas.
Simon Wingate, project director at Lovell, said: “Our focus is to hit the ground running and deliver early benefits for the community, through local job and training opportunities, improvements to shared spaces and collaborative work with local organisations.”
Paul Langford, executive director for city housing at Birmingham City Council, said: “The partnership agreement provides a legal guarantee that 51% of the homes on the scheme will be affordable. This is something that the council has long maintained a commitment to, and I am pleased we can now provide this reassurance to our residents.
“All of the existing council tenants on the estate will be provided for, and this promise also forms part of our legally binding agreement with the developer.”
