Housebuilder invests £25m in regeneration project
By Rick Lyon, Co-Editor
Housebuilder Keepmoat has invested more than £25million into a housing regeneration scheme on Preston Road.
Named Liberty Rise, the scheme is part of Hull City Council’s citywide regeneration project.
Keepmoat has a long-established partnership with the council to deliver new, energy-efficient homes that will replace 11 acres of brownfield scrubland that once formed part of the Preston Road Estate.
A total of 514 homes on the former council estate that were no longer fit for purpose have been demolished.
Keepmoat is delivering up to 500 new mixed tenure homes, including properties to rent from the council to meet the needs of the local community.
The project has also created a raft of new local jobs, training and apprenticeship opportunities, further boosting the local economy.
Daniel Crew, regional managing director at Keepmoat, Yorkshire East, said: “We’re thrilled to be continuing delivery under the Hull citywide partnership to deliver quality, sustainable homes for the latest phase in this historic Hull regeneration project.
“As the Liberty Rise project nears completion and our communities begin to flourish, it’s extremely rewarding to hear positive feedback from residents and breathe new life into the Preston Road area.
“We’re also working with the Environment Agency to create a nature trail near the site, where one of our urban nursery projects will grow plants, shrubs and trees - a further step in our mission to create sustainable communities for the future.”
Councillor Paul Drake-Davis, portfolio holder for regeneration and housing at Hull City Council, said: “The council has enjoyed a longstanding and successful partnership with Keepmoat.
“Thanks to this, we can regenerate former rundown areas and build comfortable, affordable, modern and energy efficient new homes which our residents deserve.”