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Barratt and Peel ink £200m deal for 1,000 homes

Barratt Homes has agreed a £200 million partnership with The Peel Group to develop more than 1,000 homes in the north of England over five years.

The housebuilder has entered a framework agreement with the real estate developer to bring forward housing developments across 80 acres of land on six residential sites in the North-west and North-east of England.

Barratt Homes’ Manchester division will submit detailed planning applications for two sites in Wigan and South Liverpool to develop almost 500 houses.

The group is making technical assessments of sites in greater Manchester, Cheshire and South Yorkshire before making similar applications.

Barratt Manchester managing director Neil Goodwin said: “This strategic alliance continues with the excellent relationship established over many years between Peel and Barratt Homes.

“The two companies share a common vision for the revitalisation of our economy and our markets by the provision of much needed new housing. The coalition government’s growth agenda and new planning initiatives will be powerful incentives to drive the early delivery of new homes on these sites.”

Mr Goodwin said Barratt hope to be selling homes from the Wigan and Liverpool sites in time for spring and summer next year.

Peel Land and Property director of land and planning Louise Morrissey said: “We are delighted to have reached a mutually beneficial agreement with Barratt Homes as our partner.

“Our agreement with Barratt Homes represents a new way forward during these times of recovery for markets generally and the house building industry in particular. The goal is to bring forward our residential sites and deliver quality new family homes which we know Barratt Homes will do.”

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