Construction firm Willmott Dixon is to develop 88 homes which will make way for a Hertfordshire school to build much needed new facilities.
The company was selected by Cornerstone for a deal with Cheshunt School to cross-fund a range of enhancements by developing 88 homes within the school site in Broxbourne, subject to the necessary planning consents.
The homes will be created by Prime Place, Willmott Dixon's private sale brand, and provide a mix of apartments and a range of family homes of up to four bedrooms.
Proceeds raised by the housing development will be used to enhance the school with modern facilities such as a new technology block providing better accommodation to teach science, design & technology, creative arts and ICT. The school will also have a remodelled main classroom block to create a new entrance lobby, staircases and new circulation route, plus an updated admin block to link with the new technology facility.
The additional scope includes improving the sports fields with new changing facilities, while a second phase will see the provision of a new school and community sports hall with dedicated entrance and parking.
Andrew Telfer, divisional chief executive at Willmott Dixon's development division Regen, said: "Public sector bodies and land owners are constantly looking for imaginative ways to fund new projects that will benefit the community while being affordable at a time of budget restraint. We have the experience and skill-sets to provide such solutions using our residential development expertise to unlock funding on their capital projects, and are delighted this capability will be used to provide high quality facilities for Cheshunt School."
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