The deal will see Urban Splash’s modular housing system rolled out for the first time in Merseyside.
The waterside residential quarter will involve erecting 347 modular homes, showcasing Urban Splash’s four modular designs – House, Mansion House, Villa and Fab House.
Homes will be built at the former SIG modular factory in the East Midlands, which was acquired last year by Urban Splash.
Richard Mawdsley, director of development at Peel L&P, 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.”
“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.”
Urban Splash’s modular concept of factory-built modular homes is also being rolled out in Birmingham – where homes are currently on sale – Manchester, Salford and North Shields – where 10 of the homes have been designed by TV architect George Clarke.
A fifth site is planned at New Islington in Manchester for 2019 with future sites also in the pipeline in Milton Keynes and Walsall.
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.”