A deal between Deeley Group and housing provider Anchor will help deliver a sustainable, independent living scheme in Peterborough.
The £19.6 million deal is part of a £55m package agreed between the construction firm and Anchor to support both it and a scheme in Sutton Coldfield.
The Peterborough scheme will provide 80 apartments in Silver Hill while the Sutton Coldfield scheme will deliver 137 at the former Royal Works site in Coleshill Street.
Eleanor Deeley, joint managing director for Deeley Group, said: “Partnerships have underpinned our growth in the healthcare sector in recent years and it is fantastic to be working with Anchor on these two new excellent schemes.
“Working with sector leaders such as Anchor further establishes our own reputation as a leader in the delivery of care, extra care, independent living and healthcare facilities across the Midlands.
“This also signals another major step forward for our business as the Sutton Coldfield development will be the highest value scheme the company has delivered in our near 90-year history.
“We look forward to working with Anchor to deliver these high-quality and sustainable schemes which will provide vital homes for hundreds of people in Sutton Coldfield and Peterborough.”
Patrick Duffy, Anchor’s director of new business, said: “I am delighted to be in partnership with the Deeley Group and these are two fabulous new schemes, which underpin our vision to deliver at least 500 new homes per year.
“Deeley has engaged with us very closely to achieve some very challenging deadlines and to help make the schemes viable in the face of rising cost inflation. I look forward to seeing so many new affordable homes completed in the next two years, which I’m sure will make a huge difference to the lives of hundreds of older people in the most acute housing need.”
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