The Nationwide building society is to begin constructing its first housing development after gaining planning permission for a site in Swindon, close to its headquarters.
Some 239 houses and apartments are now to be built at Oakfield Campus both for sale and to rent all on a not-for-profit basis and with the aim of creating a more neighbourly community, the building society says.
It’s the latest move by Nationwide to go ‘back to the future’ and re-embrace the organisation’s roots as a backer of good quality, affordable homes.
The £50 million development will be mostly two, three and four-bedroom terraced houses and maisonettes but the site will also include a block of apartments and each will come with at least one parking space, and either a garden or access to a communal green space.
Building work is to begin later this year and the first properties will be available for sale and to rent from Spring 2021 onwards.
They have been designed in partnership with award-winning housing specialist Igloo Regeneration, which has also been sub-contracted to build the properties.
“We’re delighted to receive approval to deliver a long-lasting, high quality development in collaboration with local residents and Swindon Borough Council,” says Joe Garner, Nationwide’s Chief Executive (left).
“As a building society we were founded to help improve housing, rather than maximising profit and shareholder return. Helping create these new homes and a thriving community is a great example of how we are guided by our purpose of building society, nationwide.”
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