BDC

5,000 New Homes Delivered by Grosvenor

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Essex is due to see the arrival of 5,000 new homes delivered by Grosvenor Britain & Ireland. The property group announced plans to deliver a new distinctive community on a 1,160 acre site east of the city after securing a new partnership with landowner Hammonds Estates LLP.

“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,” commented Alex Robinson, Director of Development, Strategic Land, Grosvenor Britain & Ireland.

“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,” he added.

The scheme will feature a mix of residential tenures set within a high-quality environment supported by amenities and community facilities such as education, leisure and health spaces. The masterplan seeks to enable social mobility and better life outcomes through high quality design, placemaking innovations and long-term stewardship.

“Our vision is to establish a different model for development.  Working with Grosvenor, we want to challenge and innovate – shaping a sustainable and inclusive new community which goes beyond just delivering new homes, but which offers inspiration and opportunities not available elsewhere for all sections of the community that live and work there,” said Matthew Lynwood, Development Manager at Hammonds Estates LLP.

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BDC 301 February 2023