Belfast Telegraph

£100m scheme would bring 800 homes to Derry along with 90 building jobs

By John Mulgrew

Plans are under way to build 800 new homes in Londonderry as part of a £100m development.

It's one of the largest private residential investments to be submitted in the north west since the property crash.

The £100m investment by Maghera-based South Bank Square proposes a "neighbourhood development" at Ballyoan, adjacent to Crescent Link and Clooney Road.

Those behind the scheme say it will create approximately 90 full time construction jobs each year for the next decade.

The outline application for the homes, to be submitted today, will deliver a mix of detached homes, luxury apartments and "affordable" accommodation.

South Bank Square's Seamus Gillan said the project is an "exciting urban development that will deliver quality family homes in a neighbourhood environment that will include community, retail and business facilities, as well as new local play areas and public space."

Brian Kelly, director of Turley, lead planner for the housing development, is urging the council to give the project the go-ahead.

"In recent years there has been a falling back in developers able to deliver the scale of investment and few that will deliver the quality neighbourhood development we are proposing. The proposals at Ballyoan will deliver standout urban design that addresses how people want to live today and in the future."

"Our proposed neighbourhood could assist in meeting the demand for family homes, single households and older people.

It's the latest major proposed housing development in Northern Ireland.

Carryduff firm Fraser Houses hopes to build 1,000 properties off the Movilla Road in Newtownards. The Rivenwood development is expected to create around 500 jobs and will take around 10 to 12 years to finish. The homes, on a 107-acre site east of the Co Down town, are priced from £132,000-£192,000.

Lagan Homes has said it will build 550 family houses in two locations in Bangor in a £90m development predicted to create around 100 jobs.

Belfast Telegraph