Carter Jonas sells serviced parcel of development land at Kingsgrove, Wantage
Date of Article
Nov 22 2018
Sector
Planning & Development
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James Bainbridge
FRICS
Partner - Head of Planning and Development Division
01865 404437 email me about James
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James is Head of the Planning and Development at Carter Jonas and is based out of our London and Oxford offices. James advises clients on proposed development projects throughout the south of England. He has over 20 years experience in residential and mixed use development acting for private, corporate, institutional, charity and public sector clients. This includes site identification, project management of planning and development strategies, valuation and viability appraisals, marketing and sale of development opportunities. He has specific expertise in options, promotion agreements, joint ventures and landowner agreements. James has been involved in sites ranging from new settlements to city centre regeneration and smaller provincial and rural schemes, and also provides expert witness and independent expert valuation services for dispute resolution.

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On behalf of the landowners and their development partner, St. Modwen, Carter Jonas is pleased to mark another milestone in the development of the new 1,500 home community at Kingsgrove in Wantage, where it has negotiated the sale of the next parcel of residential land to CALA Homes.

Crab Hill site plan 1Following a competitive tender, CALA Homes acquired the 9.65 acre site and will be developing 174 homes at Phase 2a, Fuller’s Meadow, which is located south of the new community hub with the new primary school and neighbourhood centre.

The sale follows the negotiation by Carter Jonas, on behalf of the landowners, of a long-term development agreement with St Modwen for the delivery of infrastructure and services required for our clients to sell serviced land parcels over the coming years.

Carter Jonas had previously obtained outline planning permission for the 227 acre site in July 2015 from the Vale of White Horse District Council for up to 1,500 homes, a new primary school, a neighbourhood centre including a pub/restaurant and local retail accommodation, sports pitches, employment space and community amenities set around a central park.

Infrastructure for the services and access to the site is well underway and CALA Homes will submit a detailed reserved matters application shortly.

Crab Hill location planThe sale marks the next residential phase of the new community; the first two phases, totalling some 150 homes, are being developed by St. Modwen’s award-winning housebuilding business St. Modwen Homes, which started on site this year. The first occupiers are expected to move in this month.

James Bainbridge, Head of Planning & Development at Carter Jonas, commented: “This is the second serviced residential parcel sold by the landowners at Kingsgrove and will significantly increase the rate of delivery of much needed new homes in Science Vale.  A further residential parcel is likely to be sold during the next six months as St. Modwen’s development of primary infrastructure progresses, and we are looking forward to marketing some of the community facilities, such as a care home site in due course.”

For further information please contact:

James Bainbridge

Partner
01865 404437
james.bainbridge@carterjonas.co.uk