UK
Ireland
Scotland
London
Construction News
23/11/2021
Contracts Exchanged To Acquire Lotmead Farm
Countryside and Sovereign Housing Association have exchanged contracts with Ainscough Strategic Land in the acquisition of Lotmead Farm, a 365-acre site in Swindon.
Outline planning permission for the delivery of an up to 2,500-home scheme across distinctive character areas creating individually designed neighbourhoods has already been secured by promoter Ainscough Strategic Land. 30% of the scheme will be genuinely affordable through the S106 commitment together with additional units which will be delivered specifically for Sovereign. Up to 400 homes will be delivered for private rented accommodation.
Situated within the Swindon New Eastern Villages urban extension (NEV) development area, Lotmead Farm will focus on strong place making and will include large areas of open space together with the creation of two primary schools, local centres, nurseries, retail and commercial space. The neighbourhoods will also feature 1.76ha of play areas, a sports hub and pavilion, 1.76ha allotments and 62.29ha green space.
Avison Young oversaw the sale of the land while the promoters were Ainscough Strategic Land who secured the outline planning permission.
Iain McPherson, Group Chief Executive, Countryside, commented: "This is a landmark deal for us as we continue our rapid growth in the South West and we are delighted to be working in a strategic joint-venture partnership with Sovereign on delivering a distinctive, diverse and sustainable community.
"At Countryside, we are proud of our track-record in delivering sensitively designed mixed-tenure developments that reflect our commitment to sustainability. It has been a pleasure to work in partnership with Sovereign who similarly put place-making and the environment at the centre of their approach. Together we are creating a fantastic new place with an abundance of open space and green infrastructure."
Tom Titherington, Chief Investment and Development Officer at Sovereign Housing Association said: "The development in Lotmead fits perfectly with our strategy of working with other like-minded developers to create delightful new places where we know that the properties, we provide to our customers will be fit for the future. Here we are able to increase the amount of affordable new homes over and above the section106 by nearly 50% through utilising the Homes England Partnership funds."
Outline planning permission for the delivery of an up to 2,500-home scheme across distinctive character areas creating individually designed neighbourhoods has already been secured by promoter Ainscough Strategic Land. 30% of the scheme will be genuinely affordable through the S106 commitment together with additional units which will be delivered specifically for Sovereign. Up to 400 homes will be delivered for private rented accommodation.
Situated within the Swindon New Eastern Villages urban extension (NEV) development area, Lotmead Farm will focus on strong place making and will include large areas of open space together with the creation of two primary schools, local centres, nurseries, retail and commercial space. The neighbourhoods will also feature 1.76ha of play areas, a sports hub and pavilion, 1.76ha allotments and 62.29ha green space.
-- Advertisement --
Avison Young oversaw the sale of the land while the promoters were Ainscough Strategic Land who secured the outline planning permission.
Iain McPherson, Group Chief Executive, Countryside, commented: "This is a landmark deal for us as we continue our rapid growth in the South West and we are delighted to be working in a strategic joint-venture partnership with Sovereign on delivering a distinctive, diverse and sustainable community.
"At Countryside, we are proud of our track-record in delivering sensitively designed mixed-tenure developments that reflect our commitment to sustainability. It has been a pleasure to work in partnership with Sovereign who similarly put place-making and the environment at the centre of their approach. Together we are creating a fantastic new place with an abundance of open space and green infrastructure."
Tom Titherington, Chief Investment and Development Officer at Sovereign Housing Association said: "The development in Lotmead fits perfectly with our strategy of working with other like-minded developers to create delightful new places where we know that the properties, we provide to our customers will be fit for the future. Here we are able to increase the amount of affordable new homes over and above the section106 by nearly 50% through utilising the Homes England Partnership funds."
Latest Construction News
29/01/2025
Caddick Construction has been awarded a £43 million contract to deliver the first phase of Cole Waterhouse's flagship regeneration scheme in Digbeth, Birmingham.
The project, known as Upper Trinity Street, marks a significant step in the area’s transformation.
Spanning 182,986 square feet, the re
29/01/2025
McLaren Construction has been appointed by O&H Properties to deliver the first phase of a £60 million Foster & Partners-designed development at the corner of New Bond Street and Grafton Street in London’s West End.
The seven-storey, 5,400 square metre prime retail and office scheme will feature ret
29/01/2025
GMI Construction Group has been awarded a contract to develop three high-specification warehouse units totalling over 175,000 square feet at Precedent Drive, Milton Keynes.
The £20 million project, commissioned by DV5 Last Mile Developments (UK) Ltd, a joint venture between Coltham and Delancey Re
29/01/2025
Plans for 106 sustainable new homes in Southville, a neighbourhood in South Bristol, have been approved as the city seeks to increase housing delivery to address growing demand.
Top 10 award-winning housebuilder The Hill Group will create a £60 million development on Raleigh Road, on land that was
29/01/2025
Bouygues UK has reached a major milestone in the fourth phase of the Hallsville Quarter regeneration project in Canning Town, London.
The project, part of the £3.7 billion Canning Town and Custom House Regeneration Programme, recently held a topping out ceremony, marking the completion of the 11-s
29/01/2025
Willmott Dixon Interiors is carrying out a significant upgrade to the roof of the National Maritime Museum in Greenwich, one of London's most iconic cultural landmarks.
As part of the £12 million project, the company is installing over 23,000 square feet of sun-protected glazing above the museum’s
29/01/2025
Equans has been appointed by Babergh and Mid Suffolk District Councils to carry out crucial decarbonisation work across the councils' housing stock, using funding secured through the Social Housing Decarbonisation Fund (SHDF).
The councils used the South East Consortium's Zero Carbon Framework to s
29/01/2025
In the world of construction, the quest for energy efficiency and sustainability is ever-evolving. Among the array of solutions available, EPS (Expanded Polystyrene) insulation stands out as a versatile and effective option for enhancing the thermal performance of buildings, particularly when used f
29/01/2025
BCP Council has completed significant coastal protection works at Hamworthy Park, ensuring its resilience against erosion for the next 20 years.
A 200-metre stretch of sea wall along the eastern promenade has been reinforced using low-carbon concrete, while new steps have been constructed to improv
29/01/2025
Geo-environmental consultancy and remediation contractor, The LK Group, has strengthened its team with a trio of recruits.
The multidisciplinary company's latest raft of hires comprises a new director, associate director and remediation manager.
The geo-environmental specialist, headquartered i
