Register
 (photo: Paul Miller)
14.03.2019, 09:51

Chelmsford Residential Development

Company News, Real Estate, EMEA, Residential, Residential Property
Grosvenor Britain & Ireland is partnering with Hammonds Estates, Chelmsford City Council and private investors to deliver around 5,000 homes at a location a short distance from the English city which lies northeast of London.

 

Under the scheme, Hammonds Estates will act as the master developer of a 1,160 acre site which has been earmarked for a community of mixed residential tenures supported by amenities and education, leisure and health spaces.

 

Grosvenor has announced plans to triple the size of its Strategic Land business, targeting a portfolio of at least 30,000 homes within the next five years in areas of economic growth where housing need is most acute.   

 

Discussing the project, Alex Robinson, Director of Development, Strategic Land for Grosvenor Britain & Ireland, said: 

"This new partnership exemplifies our target model for our Strategic Land business.  Working with Hammonds Estates LLP - as with our existing partners on our other schemes - we will focus both on delivering new homes at pace, and creating exceptional communities that create a positive legacy for residents and landowners alike.
 

"This requires a considered approach and a long-term view.  It means deploying capital patiently to unlock development through up-front investment in infrastructure and placemaking, as well as maintaining careful stewardship over the design and management of new communities as they grow.
 

"Quality of environment is a major differentiator for our Strategic Land model.  At both Trumpington Meadows and Barton Park, we are meeting calls for a more meaningful debate on the role of open space and green infrastructure.  At Hammonds Farm, we look forward to interrogating these issues further to ensure that the site reaches its potential as a successful, healthy community."

 

In 2018 the privately owned Grosvenor Group (the parent of Grosvenor Britain & Ireland) reported record 2017 revenues, despite the downwards revaluation of its  property portfolio in the UK and Ireland.

Article rating:

vote data

Leave a reply

Jacob Aarup-Andersen. (photo: )
News Editor  - 19.05.2020, 17:02

ISS Names New CEO

ISS has appointed banker, Jacob Aarup-Andersen, to succeed Jeff Gravenhorst on his retirement on 1 September 2020.

 (photo: gdtography)
Mark Gifford  - 04.05.2020, 20:53

Building Measurement and Verification in Lockdown

Mark Gifford, Technical Services Manager with global building performance specialist IES, considers the implications of Zero Running Buildings for Energy Services and FM teams during COVID-19.

Edge Hill University Campus. (photo: Edge Hill University)
News Editor  - 13.05.2020, 15:04

Celebrating Key Workers on World FM Day

Edge Hill University in Lancashire, North West England, is celebrating World FM Day today by thanking staff for their hard work during the year.

 (photo: )
FM Editor  - 18.12.2019, 16:08

The Drains of Christmas Future

UK wastewater and drainage solutions provider Lanes Group has reimagined "A Christmas Carol" into a story about the importance of clean drains.

 (photo: )
FM Editor  - 18.12.2019, 13:27

University of Manchester Clean Room Contract

SPIE UK has won an 18-month design, supply, install and commission contract for a clean room at The University of Manchester, as part of a new build being constructed by Balfour Beatty.