Devonshires advises registered provider on £20m deal for 105 homes in Peterborough

Law firm Devonshires has advised registered provider Cross Keys Homes (CKH) on a £20m deal with Countryside to build a 105-home development in Peterborough.

The selection of houses and maisonettes in Great Haddon, Peterborough, is made up of affordable and grant-funded homes and represents one of CKH's biggest transactions to date.

In addition to CKH’s purchase of 105 units, the site at Great Haddon will also provide 117 build to rent homes and 125 for public sale, making it the first phase of a larger development in Great Haddon.

This larger development is earmarked to provide more than 5,300 new homes over time and will radically change the landscape of Great Haddon.

CKH Chief Executive, Claire Higgins, said: “Building homes in Peterborough is a fundamental part of our strategic plan because we know there is a real need for affordable housing options in many communities across the city. 

“Working with respected development partners and with funding secured from Cambridgeshire and Peterborough Combined Authority, we know that we can continue to provide homes that mean people don’t need to choose between quality and affordability. We are delighted to be able to provide more than 100 families with a place to call home on this site in the near future.”

Charlotte Sawyer, partner at Devonshires who represented CKH in the deal, said: “We are delighted to have been able to work with Cross Keys Homes on this significant and complex transaction which highlights Cross Keys Homes’ focus on delivering more affordable homes in a key strategic area.”

CKH is a charitable Community Benefit Society.