DEVELOPERS Peel and Urban Splash have signed a joint deal to build 347 'state-of-the-art' homes on the Wirral Waters site.

The £55m waterside residential quarter will feature four 'modular housing' products – House, Mansion House, Villa and Fab House.

Each property will be customised by purchasers before being created offsite in the Urban Splash modular factory and then delivered to site.

Richard Mawdsley, Peel's director of development, said: "Our new joint venture with Urban Splash is fantastic news for our local community, bringing the very latest in housing design and innovation to the site.

"This development, which follows hot on the heels of our announcement last month about a £90m residential scheme comprising of 500 high-quality homes along Northbank, will transform the site into an internationally-recognised destination with a residential quarter that will take the pressure off local greenbelts and help to tackle the current UK housing crisis.

"We're now just waiting on the final piece of the jigsaw, securing a Housing Infrastructure Fund grant from Homes England.

"Only then can we finally get the first wave of housing underway at Wirral Waters."

Jonathan Falkingham MBE, founder and creative director at Urban Splash said: "This is another part of our ambitious plan to expand our modular housing business and follows our acquisition of the House factory earlier this year.

"We are keen to create well-designed, urban family homes in more cities across the country.

"Merseyside, which was the birthplace of Urban Splash 25 years ago, seems the perfect place to move forward.

"We are delighted to be working with Peel L&P and to be involved in the creation of yet another significant, large-scale community and to continue developing and investing in Merseyside."

Cllr Phil Davies, leader of Wirral Council, said: "Almost every week we are seeing new developments come forward – new homes, retail and commercial schemes are being planned in every corner of our borough.

"These developments are concrete proof of the huge confidence in Wirral and the Liverpool City Region as a place to invest and do business.

"This latest news from Wirral Waters, coming so soon after the recent announcements of new residential, care and office developments on the site, is further proof of Wirral's growing importance in the Northern Powerhouse.

"Combined with our own plans for development through Wirral Growth Company, it is clear that it is an exciting time for Wirral."