The Northminster Peterborough scheme will deliver 315 units that will be rented out at 80% or below the normal market rate.
The Peterborough Investment Partnership has chosen contractor Willmott Dixon to deliver a £65m Northminster development in Peterborough.
The residential and commercial development will include 315-units made up of one, two and three bedroom flats and 37 townhouses, and will be let out at a discounted rent set at or below 80% of the normal market rate.
The development is partly being funded by Cambridgeshire and Peterborough Combined Authority and is expected to finish in August 2024.
David McCallion, director at Willmott Dixon, said: “We are proud to be delivering this fantastic ten-storey flagship Northminster development in collaboration with PIP, providing affordable housing stock and valuable commercial spaces to further attract investment into the area.
“This is such an important regeneration project for Northminster and we are looking forward to working alongside our delivery partners to revitalise the area for residents and the wider community.”
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