Some 133 homes are being built in Wixams, Bedfordshire, from housing provider Packaged Living.
The development is funded by global asset manager Aviva Investors, while it sits two miles south of Bedford town centre.
The homes are situated within the wider 750-acre Wixams masterplan development, which is expected to be comprised of approximately 4,500 homes.
The 133 homes are split between two to four bed homes, providing more than 133,000 sq ft of housing.
When complete, the wider Wixams development will include schools, health centres, retail facilities, as well as sports facilities, parks, a new train station and community spaces.
Ben Sanderson, managing director, real estate, at Aviva Investors, said: “We are pleased with the growth of our single-family housing platform, having set out with the initial expectation of funding 1,000 new homes.
“The living sector is a core part of our real estate investment strategy. Having already invested approximately £800 million into UK living, we have an ambition to grow that commitment significantly over the next three to four years.
“These investments show the role private capital can play in supporting the creation of new homes across the country, that can help the UK get ready for the future by combining high energy efficiency with modern technology, thereby lowering costs for families living in them, whilst also delivering long-term investment outcomes.”
Aviva Investors has now funded more than 1,500 new homes and represents a total commitment of almost £575 million.
The homes will incorporate a number of technologies to meet energy needs, including a combination of air source heat pumps, induction hobs, photovoltaic panels, battery storage and EV charging.
Aviva Investors and Packaged Living have also stipulated that homes target an EPC ‘A’ rating.
Some of the homes will be eligible for Octopus Energy’s ‘Zero Bills’ tariff, which enables customers living in homes featuring enhanced battery storage and solar panels provision to benefit from zero energy bills for 10 years, backed by a 10-year guarantee from Octopus Energy.
