Housebuilder Honey is advancing its plans for a new £46 million housing development in Maltby, South Yorkshire, marking a significant investment in the region.
- The development will feature 185 homes, offering a range of property sizes and styles, tailored to modern living standards.
- Honey acquired the Maltby site from Hargreaves Land, who facilitated the necessary greenbelt release for development.
- Initial construction is poised to commence this summer, contingent on local council approval, with first occupants expected by early next year.
- Backed by substantial investment, Honey aims to deliver a well-considered development that aligns with contemporary lifestyle needs.
Housebuilder Honey is progressing with plans to establish a substantial £46 million housing development in Maltby, South Yorkshire. This venture illustrates a significant investment in the region, aiming to revitalise the area with contemporary housing solutions. The project will consist of 185 homes, designed to comprise a variety of sizes and types, including terraced, semi-detached, and detached properties. This blend aims to cater to a wide demographic, providing options that suit the modern family.
The site for this development, formerly a part of Maltby’s historical mining landscape, has been acquired from Hargreaves Land. This acquisition was conducted for an undisclosed amount. Hargreaves Land played a pivotal role in priming the site for development by securing its designation change from greenbelt in the Rotherham Metropolitan Borough Council’s local plan in 2018, followed by obtaining outline planning permission earlier this year. Such groundwork illustrates the intricate planning and negotiations involved in reshaping local landscapes for residential purposes.
The development, provisionally titled ‘Jet,’ is scheduled to begin construction this summer, provided it receives the necessary approval from the local council. If approved, the first wave of residents could be welcomed into their new homes by early next year. Jet aims to integrate seamlessly into the existing community, offering homes that not only meet but enhance current lifestyle expectations.
Founded in the autumn of 2022, Sheffield-based Honey is supported by London-based private equity firm Alchemy Partners, through its Alchemy Special Opportunities Fund IV, which boasts £937 million in committed capital. This financial backbone is instrumental in supporting Honey’s regional expansion strategy. Since the beginning of the current year, Honey has acquired six sites across Yorkshire, Derbyshire, and Nottinghamshire, setting a strong precedent with plans to deliver 867 new build homes, translating to revenues upwards of £262 million.
According to Mark Mitchell, the chief executive of Honey, the location of Maltby is particularly well-suited for the company’s high-standard, sustainable housing projects. He expressed, “Maltby is a great location for us to build our high specification, sustainable homes. Our vision is to further enhance the town by providing the community with a well thought out development with homes that suit today’s lifestyles.” This statement underscores Honey’s commitment to creating developments that not only satisfy housing demand but also contribute positively to community development.
Honey is positioned to enhance the Maltby landscape with a thoughtfully designed residential project, pending council approvals.
