Acting for Wates Developments, in what it says is 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.
Wates Developments secured release of the site from the Green Belt through an allocation in the Royal Borough of Windsor & Maidenhead Local Plan. The developer worked 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 homes, (40 per cent of which will be affordable housing), for the 5.4 hectare site. Plans also include landscaped open spaces, blue-green infrastructure and sustainable technologies, improvements to walking and cycling routes into Windsor and other local destinations, as well as improvements to the A308 network to increase capacity.
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David Brocklebank, Executive Managing Director at Wates Developments Group, said: “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, added: “The acquisition of this site in Windsor plays a key role in the expansion of Crest Nicholson’s footprint in the region."
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."
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Featured image provided by Leaders Romans Group.
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