Monday 01st March 2021
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Plans for 300 homes in west Norfolk unveiled by Birmingham-based developer

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A Birmingham-based developer, Prosperity Homes, has unveiled plans to develop a 300-home scheme at Downham Market in west Norfolk on land acquired from a private firm, Koto Ltd.

Outline planning has been granted for the 30-acre Broad Oaks scheme, which includes 60 affordable homes and where a reserved matters application was submitted last week. Joe Billingham, CEO of Prosperity Group, said moving into the residential market for owner-occupiers was the natural next step for the business, which specialises in buy-to-let flats.

He said: “As our largest housing project to date, we are excited to see our ambitious plans coming together. The East of England has a significant housing demand and Broad Oaks will bring the number of affordable homes we will have provided in England up to 150. We are continually looking for opportunities to develop more affordable homes.” Funding partner Property Investment Partnership has provided a £16 million funding package to develop Broad Oaks.