Unconditional contracts have completed for Bellway and Latimer, the development arm of Clarion Housing Group, to acquire a parcel of land on which it will build 1,200 homes as part of a joint venture in Cherry Hinton, Cambridgeshire.
National housebuilder Bellway and Clarion, the UK’s largest provider of affordable housing, have a bilateral agreement to acquire the site which is lies adjacent to Cambridge Airport. The site benefits from outline planning consent for 1,200 homes, of which 40 per cent will be provided as affordable housing as well as two new schools, retail space, outdoor areas and a community building for the new neighbourhood. The entire development will benefit from the latest measures in sustainable living and green energy.
Philip Standen, Managing Director of Bellway Eastern Counties, said: “This landmark site on the fringes of Cambridge city centre extends to 138 acres and will deliver exceptional designs and a high quality of sustainable living.
“This project will deliver an entire new neighbourhood for Cambridge and will not only include sustainable homes, it will also showcase some incredible ideas that we have for the new retail and commercial spaces. It will be a development that everyone will rightly be proud of. We look forward to working with the Greater Cambridge Shared Planning Authority and other key stakeholders as we work towards a start on site in 2022.
“Our great thanks also goes to the landowners, Marshall Group Properties, Endurance Estates and the White Family as well as joint agents Bidwells and Cheffins and legal advisors Gowling WLG and Mills and Reeve.
Richard Cook, Group Director of Development for Clarion Housing Group, said: “Cambridge is one of the most vibrant cities in the country and I am pleased that our joint venture has taken the first step towards delivering a project of great ambition and scale.
“I am particularly proud that this will be a mixed and sustainable community in every sense, with homes of all tenures and a commitment to a sustainable community.”
Endurance Estates acted as promoter for the development and worked alongside Marshall Group Properties to secure planning permission for the site. The land was sold through Bidwells and Cheffins.