Belfast Telegraph

Banbridge developer Lotus Homes set to build 90 houses in Antrim

A Banbridge-based property group is planning to build 90 new homes in Antrim. (stock photo)
A Banbridge-based property group is planning to build 90 new homes in Antrim. (stock photo)
Ryan McAleer

By Ryan McAleer

A Banbridge-based property group is planning to build 90 new homes in Antrim.

The proposal by Lotus Homes would effectively double the size of its existing development next to the Holiday Inn Express hotel on the Ballymena Road.

The Co Down developer has informed Antrim and Newtownabbey Borough Council that it wants to significantly expand the project with seven detached houses, 68 semi-detached and five town houses. The proposal also provides for detached garages, sun-rooms and landscaping.

Lotus Homes will put its proposal on public display in the Holiday Inn Express next month.

The company originally acquired development lands at Ferrard Meadow, close to The Junction retail park, in 2016 and secured planning permission for 45 homes in 2017.

Work began on the site in July 2017, with the first keys handed over in December 2017.

All 45 units were sold, starting from £119,950. Work on another nine homes at Ferrard Meadow is due to begin next year.

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Lotus also secured planning permission for a further 45 housing units on a site opposite, now called Ferrard Green. A mix of three-bed detached and semi-detached, 28 of the houses have been sold to date, with nine completed so far. Lotus Homes has said it is targeting a further 19 completions by the end of this year. The company has placed price tags ranging from £137,000 to £160,000 for the Ferrard Green houses.

Lotus Homes is part of the Lotus Group, which is run by the Murdock family. The group owns both The Junction and The Boulevard retail parks in Antrim and Banbridge. Last year it acquired 45 properties in Scotland for £60m.

The latest company accounts for Lotus Homes show it recorded a turnover of £15.2m in 2017.

But the firm has been progressing a number of developments, including a major residential scheme in Comber.

Belfast Telegraph

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