Regeneration Liverpool, the partnership between Sigma and Liverpool City Council set up specifically to re-develop surplus council land, has signed an option with the city council for a 19 acre former school site in Gateacre, an affluent suburb in the south of the city.
The plan is to build houses on the Gateacre site. Sigma said that the development value would be in the region of £65m. A planning application is expected to be submitted by the end of the year and, subject to consent, construction is expected to start in the second quarter of 2015.
The homes will be built by Countryside Sigma, which is Sigma’s joint venture with house-builder Countryside Properties. Countryside Sigma is the housing delivery affiliate of Regeneration Liverpool.
Regeneration Liverpool is also in the process of regenerating a 60 acre residential site, Norris Green, which has outline planning consent for around 800 new homes. Approximately 370 units have been completed or are under development in the first five phases. Other sites under option for redevelopment to Regeneration Liverpool are Queen Mary School site, Lime Street/Knowledge Quarter and Stonebridge Cross.