11/04/2016

1,000 New Homes To Be Developed In Co Down

Around 500 jobs are expected to be created after plans to develop 1,000 new homes in Newtownards, Co Down, were unveiled by property developers.

Fraser Houses (NI) Ltd announced plans for the £200 million Riverwood Scheme.

The project on a 107-acre site includes bungalows, semi-detached and detached homes in the style of 'New England' architectures.

The homes will be situated on the Eastern side of Newtownards.

Alan Fraser, of Fraser Houses, said: "We're delighted to be making such a significant investment in the Northern Ireland housing market. Demand for property in Northern Ireland is increasing and confidence in the market is on the rise.

"Rivenwood will not only bring a range of unique and stylish homes to a desirable location in North Down, it will create an estimated 500 jobs and support a wide range of local industry related companies."

Construction work is expected to start in summer 2016.

(CD/JP)

Related Northern Ireland News Stories
Click here for the latest headlines.

25 November 2024
Other News In Brief
DfC Launch Public Consultation On Gender Pay Gap A consultation on proposed changes to Section 19 of the Employment Act (Northern Ireland) relating to the requirements for employers to publish information on the pay of male and female employees has been launched by the Department for Communities.
28 August 2008
NI Developer Cuts House Prices By 40%
A Northern Ireland building firm has slashed its house prices by almost 40%, in a fresh bid to inject life into the ailing property market. Fraser Homes has trimmed £90,000 off the price of its semi-detached properties in Glengormley, reducing the price from £229,500 to £139,950.
18 November 2024
Belfast's Vacant To Vibrant Scheme To Expand Citywide
A successful scheme aimed at transforming vacant properties in Belfast city centre into thriving businesses is set to be extended across the entire city. Belfast City Council's Vacant to Vibrant programme has already breathed new life into 26 properties, with another six sites in the pipeline.
17 May 2018
Hundreds Of New Homes To Be Developed In Co Down
Approximately 50 construction jobs are to be created as part of a £50million project to develop 900 new homes in Comber, Co Down. Northern Ireland homebuilders Hagan Homes has started construction work on the first phase of the 'Enler Village' site on the Newtownards Road, which includes the development of 17 new homes.
30 May 2013
£2.4m Belfast Housing Scheme Launched
A new £2.4m social housing scheme has been launched at Queen Victoria Gardens in north Belfast. The development will consist of 22 homes and will be built by Trinity Housing with part funding from the Northern Ireland Executive.