Investment partners announced

Wavensmere Homes has announced its strategic partnership with BBS Capital and Cedar Group to deliver 474 homes (125 townhouses and 349 apartments) over three phases on the Nightingale Quarter residential scheme in Derby city centre.

The scheme will be supported by a £42.9m development finance facility from London-based Urban Exposure.

James Dickens, Managing Director of Wavensmere Homes said it was a business partnership which was vital to the project, commenting: “This is an incredibly exciting development for us to be driving as it is not just one of our largest to date but is also of massive historical significance. We have worked with BBS in the past, so for them to come onboard with the Nightingale project is huge for us and for the project.”

Nick Spencer of investment management business BBS said: “The Nightingale Quarter will offer Derby residents the best of urban living in a carefully designed community which will offer a large proportion of green space and on-site leisure amenity whilst also paying homage to the historic nature of the site.”

Randeesh Sandhu, CEO of Urban Exposure, added: “We are delighted to be supporting a project that will be transformative for central Derby, supporting the delivery of much needed housing for the local population. The site has been disused for several years, which makes it all the more pleasing to provide Derby’s residents with an opportunity to live in a thriving new community in an exceptional location.”

The first phase of sales on the 18-acre site will be launched at the end of February 2020. Over 2000 people have registered their interest in the homes, which is designed to be a green oasis for its new residents, including cycle routes, an open-air gym and fitness area, children’s play areas and planting throughout the site.

The Infirmary’s iconic pepper pot buildings will be retained for community use, with residents having access to numerous facilities including a café, gym, exhibition space and meeting rooms.