Construction News

08/03/2018

Urban&Civic Strikes Deal For Buckinghamshire Development Site

Urban&Civic has struck a deal with to acquire 785-acres of greenfield land in Aylesbury Vale, Buckinghamshire.

The property developer has exchanged contracts with Claydon Estate for the site near Calvert, stating the land offers the potential for "significant" residential development in an area.

"The site adjoins the new High Speed 2 (HS2) depot where the HS2 line will meet the proposed Varsity rail line, within the Cambridge - Milton Keynes - Oxford corridor, a priority area identified by the National Infrastructure Commission (NIC) for new housing delivery," Urban&Civic said.

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"A key modification to the National Planning Policy Framework (NPPF), which was issued for consultation as part of the Prime Minister's speech on making housing fairer (announced 5 March 2018), was the attaching of materiality to endorsed NIC recommendations when preparing plans or determining applications.

"This latest agreement demonstrates Urban&Civic's focus as Master Developer and trusted partner to identify strategic development opportunities in key growth locations which can leverage the impact of significant infrastructure investment."

(LM)

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