Vistry Group has completed the purchase of a 47-acre site in Boulton Moor, Derby, for the construction of 526 new homes.
The scheme will offer a mix of affordable homes, private rental sector units and properties for sale on the open market.
Dave Bradley, managing director of Vistry North Midlands, said: “I am delighted that our land team has completed the acquisition of land to build 526 high-quality new homes at Boulton Moor.
“This marks a significant step forward in bringing much-needed housing to the area, including a blend of affordable, PRS and private homes designed to create a vibrant and sustainable community.
“We look forward to working with our partners and stakeholders to bring this development to life and provide homes that cater to the needs of local people.”