POSSIBLE OFFER FOR CREST NICHOLSON HOLDINGS PLC Read more

Award-winning developer Crest Nicholson, on behalf of the Defence Infrastructure Organisation (DIO), has today announced the sale of land parcels H, I & J at the new £600m Arborfield Green Garden Village development in Berkshire to Redrow Homes Southern Counties.

 

The 15-acre site is allocated in the Arborfield Green masterplan for up to 220 homes and is located south of the new Nine Mile Ride Extension. The site forms part of the southern gateway to the new garden village.

 

Redrow is expected to bring forward initial proposals in accordance with the site’s Design Codes and outline planning permission over the next few months.

 

Commenting on the sale, Crest Nicholson’s Project Director Hugo Reeve said, “Crest Nicholson is delighted to be working with a fellow developer of Redrow’s calibre. As the DIO’s development partner, Crest Nicholson’s role is to ensure the Arborfield Green vision is protected and delivered, and we are pleased that Redrow shares our ambition.”

 

Jon Fletcher, Managing Director of Redrow Southern Counties said, “This is an exciting opportunity to contribute to the new garden village and create a thriving new community at Arborfield Green. Redrow is committed to working with the existing residents and their representatives to ensure the provision of new homes, including homes for affordable rent and shared ownership.”

 

Crest Nicholson was appointed as the Development Manager for the £600 million former Arborfield Garrison site by the DIO, the estates arm of the Ministry of Defence, in April 2013.

 

As long term custodian of the development, Crest Nicholson will be responsible for delivering the Arborfield Green vision over the next 12-15 years on behalf of the DIO. Once complete, the development will provide all of the associated facilities and infrastructure required to support a high quality, sustainable and thriving new community. This will include 2,000 new homes, 62 ha of new public space, new primary and secondary schools, a library, gym, retail and hospitality units and a new community centre.

 

For more information on the Arborfield Green development and Crest Nicholson, please visit our website.

 

 
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