A £40m forward-funding deal has been struck to support the completion of a residential scheme in Wiltshire. Residential Secure Income LP (ReSI LP), which is managed by investment firm Gresham House, has reached an agreement with housebuilder Countryside which concerns the Langley Park development in Chippenham.
The brownfield site in a former industrial area near the town centre is set to be repurposed into affordable housing, with the funds to go towards 167 new-build properties.
Countryside has plans to eventually build a total of 340 houses and apartments - the remainder of which it will sell on the open market. Construction is scheduled to begin on the site in mid-2023, with the first completions to take place in the third quarter of 2024.
