Acting for Wates Developments in probably the biggest land deal to take place within the region since September’s mini budget, Leaders Romans Group (LRG), has sold a residential development site in Windsor from Wates Developments to Crest Nicholson.
As a leading residential housebuilder with a track record in creating well designed, high quality homes in sustainable communities, Crest Nicholson is ideally placed to deliver much needed homes in this popular location.
Wates Developments secured release of the site from the Green Belt through an allocation in the Royal Borough of Windsor & Maidenhead Local Plan. They worked closely with the community, key stakeholders and Local Authority to develop plans for the residential development and subsequently obtained outline planning consent on part of the site.
The scheme includes 135 much-needed homes, (40% of which will be affordable housing), for the 5.4ha site. Plans also include landscaped open spaces, (including recreational space), blue-green infrastructure and sustainable technologies, with a 30.69% net gain in biodiversity that will far exceed local and national planning policy. The site will also deliver improvements to walking and cycling routes into Windsor and other local destinations, as well as improvements to the A308 network to increase capacity.
David Brocklebank, Executive Managing Director at Wates Developments Group commented: “We are delighted to have completed this sale of a portion of our land interest in Windsor to Crest and with great support from LRG. This is a truly exceptional new homes site and a fantastic location for a new community in Windsor. We expect to secure planning for the remainder of the wider site early in 2023 to allow the whole scheme to come forward quickly. A great performance by Crest”.
Nicholas Daruwalla, Land Director at Crest Nicholson South, commented: “The acquisition of this site in Windsor plays a key role in the expansion of Crest Nicholson’s footprint in the region and allows us to respond to local demand for high-quality homes in the area. We look forward to offering a variety of homes for a range of buyers within the local community, helping to support the Windsor and Maidenhead Borough Local Plan.”
Ian Barnett, National Land Director for Leaders Romans Group, who is based in the Group’s Wokingham head office, commented: “This is a significant land deal which will help deliver much-needed homes, including affordable housing. It is one of two substantial land deals that Leaders Romans Group has facilitated in this region in the last month and as such, demonstrates considerable strength in the local market in spite of the wider economic conditions.” Boyer (part of Leaders Romans Group) managed the planning process on behalf of Wates and is now instructed by Crest Nicholson to prepare and submit a reserved matters planning application in the first half of 2023.
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