North Devon Homes has officially been announced as the housing provider for Anchorwood Bank.

The Barnstaple development will include 164 homes, including 36 affordables.

Building of the houses should start in 2016.

In addition to the housing, phase two will deliver a new retail and leisure area adjacent to a new Asda store and will introduce a mix of retail, leisure and public space that will transform the area on the bank of the River Taw.

Building works for phase one of the site which includes the new Asda, a nature reserve and a riverside walkway linking the Tarka Trail to the Long Bridge are on track and are expected to be completed by Christmas 2016.

North Devon Homes and Wessex will hold a public exhibition of plans for phase two in the next couple of months.

Martyn Gimber, chief executive of North Devon Homes, said: "We are truly excited to be partnering Wessex to develop this important site in Barnstaple.

"This regeneration project on a brownfield site is one of a number of major investments we are making in the local community to deliver quality new market homes for sale which will provide us with the funding we need to create new affordable homes for local people.

"We expect demand for homes in this new quarter so close to the town centre to behigh and intend, along with Wessex, to consult on our plans and submit a detailed planning application as soon as practicable."