Investment News | 25 January 2023

Developer to start work on apartments scheme

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A developer is set to create new apartments and a mixed-use scheme in Derby.

AG Homes is to build 33 new apartments in Mansfield Road, which have been designed by Matthew Montague Architects.

It follows the exchanging of contracts on a 2,700 sq ft site earmarked for residential development.

The apartment scheme received planning consent in October and will be delivered by AG’s portfolio of experienced contractors.

The 33 apartments will come complete with a number of car parking and bicycle spaces and benefit from a community lounge.

Meanwhile, the group’s dedicated construction arm AG Construction has won a contract to convert the former Waterside Inn pub – which sits opposite the site – into a further four apartments with a ground floor commercial area totalling 1,350 sq ft.

Allister Gardiner, managing director of AG Homes, said: “The sites present an exciting opportunity for AG to develop a new, modern apartment building along with a further four apartments and commercial space.

“With Derby being our home and one of the fastest growing economies in the UK, we wanted to explore the opportunity of providing the city with quality accommodation and workspaces that are efficiently designed.”

Craig Swinfield, head of sales at AG, said: “There is a great demand for new, modern apartments suitable for the influx of professionals into Derby.

“We therefore wanted to be at the forefront of providing this.”


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