PARTNER: Aster Group
Thakeham has been appointed by Aster Group to build 34 new affordable homes in Petworth. This is the first project that Thakeham have worked on for the Southern England-based housing association.
This development will bring much-needed affordable housing to the heart of the South Downs National Park, West Sussex. Work is expected to begin on site in November 2022, with completion in May 2024.
Rob Boughton, CEO of Thakeham, said:
“As in many parts of the country, demand for affordable housing in the South Downs National Park outstrips supply. We are pleased our first work for Aster Group will help improve the local need for new homes”
The proposed timber frame homes at Petworth are designed to be highly energy efficient, equipped with many features to minimise their environmental impact. The community that is built here will benefit from high quality housing that lowers energy bills, leaving more money in the residents pockets.
Amanda Williams, Aster Group Chief Investment Officer:
“This is the first time we’ve worked with Thakeham and we’re looking forward to collaboratively bringing some much-needed affordable homes to Petworth.
This is a much sought-after area to live in which naturally drives both purchase and rental prices up, so it’s great to be able to deliver affordable homes for local residents so they can stay in the area they love, close to family and friends.”
CONTRACT VALUE: £41.5M