Lands Improvement acquires strategic land opportunity in Stoke Mandeville
Lands Improvement Holdings has completed the acquisition of the freehold interest in circa 100 acres of land in Stoke Mandeville, Aylesbury.
The site is located immediately to the south of Aylesbury, close to the Hospital and to the north of Stoke Mandeville with a railway station into Marylebone. It has been identified as a allocation for residential development in the emerging Aylesbury Vale Local Plan.
James Stone, Managing Director of Lands Improvement, said: “This site represents a great investment opportunity for Lands Improvement. It has excellent planning prospects and is in a highly sought after location, as well as being only 46 minutes from central London by train. We will be working closely and collaboratively with the local planning authority, the community and other stakeholders as plans for the site evolve.”
We will be looking to build on our relationships and experience in Aylesbury Vale to support the Council in bringing forward new homes and community infrastructure as part of their Garden Town vision.
Lands Improvement also owns 164 acres of mixed-use development land next to Haddenham Airfield, near Aylesbury. The land, which is partially covered by the airfield and Haddenham Business Park, lies six miles south west of Aylesbury and adjacent to Haddenham and Thame Parkway railway station, from which trains run to London Marylebone in 35 minutes.
In September 2015, Aylesbury Vale District Council granted outline planning consent for Lands Improvement’s proposals for the site, which included up to 233 new homes (including affordable housing), a further 12 acres of employment land; a new community pavilion and sports pitches; open space, new footpaths and planting; a retail convenience store and a 64-bed care home.
This vision is now taking shape following the sale of three development plots for a mixture of commercial and residential development earlier this year.
Lands Improvement acquires major strategic land opportunity in Essex
Lands Improvement Holdings has completed a busy summer of sales and acquisitions with the purchase of the Epping Portfolio in Essex for £24M.
The Epping Portfolio, also known as the Copped Hall Estate, lies within walking distance of Epping underground station at the eastern end of the Central Line. Previously a family-owned Estate, it covers a total of 1,940 acres and currently includes a mix of agricultural and residential uses including 8 farms, 21 houses, as well as the Epping Sports Club.
The acquisition represents a significant strategic, long-term investment for Lands Improvement, which was acquired by the Telereal Trillium Group for £120M in September 2015. It is one of the UK’s oldest land investment companies and specialises in working with farmers and landowners to progress residential-led development through planning and strategic infrastructure delivery.
Lands Improvement has appointed Strutt & Parker to assist with the day-to day management of the Estate and advise on the short and long-term priorities for its management.
James Stone, managing director of Lands Improvement, said:
“We are delighted to announce that Lands Improvement has taken over the ownership of the Epping Portfolio. This is a long-term investment for the company and we will be working closely and collaboratively with tenants, community groups and other stakeholders to ensure the estate realises its full potential as a sustainable and prosperous place to live and work.”
Lands Improvement’s investment in the Epping Portfolio follows a number of recent disposals of ready to build land that the Company can now confirm represents a total consideration in excess of £67M and circa 950 new homes.
- The sale on August 1st of Phase 2 of its site in Colchester to Bellway Homes, comprising 17.5 acres with outline planning permission for up to 120 homes. This follows the successful development of the first phase of 200 homes.
- The completion in July of the sale of 33 acres of Lands Improvement’s holding (97 acres) at Gateford Park on the northern edge of Worksop, Nottinghamshire. The land has been purchased by Barratt Homes and Jones Homes and will accommodate 461 new homes. This followed an investment by Lands Improvement of c.£3m to prepare the development platform and deliver roads and services to the land to provide a ready to build proposition for the house builders.
- The purchase in June by Harron Homes of Lands Improvement’s holding of 22 acres in Ripon, Yorkshire. The site, a former sand and gravel quarry, was granted outline planning permission in July 2015 for 150 homes.
- And as previously announced by Lands Improvement, the sale of approximately 58 acres at its mixed-use development adjacent to Haddenham Airfield in Buckinghamshire to housebuilder CALA Homes, DAF Trucks Limited and crane hire specialists GGR Group.
James Stone, managing director of Lands Improvement, said:
“The last few months have seen the successful culmination of years of hard work by the Lands Improvement team; acquiring, priming and preparing land for residential development. These disposals will enable much needed new homes to come forward in well serviced and sustainable locations where people want to live.
We plan to reinvest the proceeds in a number of exciting projects coming forward this year and will continue to make further acquisitions.”
Planning application submitted for 850 homes and a new open space at Poole’s biggest regeneration site
Exciting plans to create 850 homes and a new quayside public realm area at Poole’s biggest regeneration site have been submitted by the landowners.
Gallagher Estates and Lands Improvement, who jointly own the site, have submitted an outline planning application to the Borough of Poole for a new mixed-use development in Hamworthy, known as Newbridge Point.
The brownfield site has been vacant since the former Poole Power Station was demolished in 1993. The site redevelopment faces various challenges due to its previous uses, including as a former oil depot, which has left the site with below-ground structures, mass concrete foundations, quay wall and contamination matters to resolve.
The recent Local Growth Fund allocation by Dorset Local Enterprise Partnership (DLEP) to Borough of Poole will significantly help the delivery of housing and employment by enabling the necessary infrastructure improvements on this site, which Government has designated as a Housing Zone.
The new plans would involve creating in the region of 850 new homes, a mix of houses and apartments, on 13 hectares of land next to the iconic Twin Sails Bridge which together with the new road around the site has helped unlock the site for development since 2012.
The development also includes new floorspace at ground floor level for commercial and community uses along the Quayside, as well as a new high-quality outside space.
A new central public park is proposed, which would include a children’s play space and informal recreational space, that can be enjoyed by both new and existing residents of the area. The development would be easily accessible for walkers and cyclists and provides a network of streets linking Hamworthy Recreation Ground, the Quayside and Poole town centre.
Gregg Wilkinson, managing director of Warwickshire-based Gallagher Estates, said these plans, following local consultation, would have a significant positive economic impact on Poole.
“We are pleased to have reached a point where we can submit plans we feel are market-facing for Poole and focus on delivering high-quality homes which will include more family housing,” he said.
“We believe the retail and restaurant units will complement the provision on the existing Poole Quayside, while there will be a focal green space for residents to enjoy as well as providing a link to the Eastern Quay.
“Newbridge Point will be a distinctive new neighbourhood for Poole and the local economy would be boosted by the increase in new residents as well as by the jobs that would be created during the construction phases.”
James Stone, managing director of Lands Improvement, said: “We are committed to delivering new homes and a quality new urban environment on this challenging brownfield site. The development has evolved over the years and it is now more focused on family housing to respond to the local housing demand in Poole.
“We are grateful for the progressive and collaborative approach of the Borough of Poole and Dorset LEP and are pleased to secure funding to develop important infrastructure that will benefit the wider community and support the delivery of housing and local jobs through this development.
“We are excited to be submitting our new proposals and look forward to working with the Borough of Poole and local community stakeholders on the delivery of this important regeneration scheme.”
Barton Willmore is acting as architects and planning consultants on the scheme.
Over 300 homes to be built in Worksop
Work will commence on the Gateford Park development this year.
More than 300 new homes will be built on the new Gateford Park development in Worksop, Nottinghamshire following the successful sale of 40 acres of residential development land by Savills development team on behalf of the seller, Lands Improvement.
The land at Gateford Park is situated adjacent to the very successful and sought after residential development at Gateford. It is less than two miles from the centre of Worksop, with excellent access to surrounding towns and cities via the A57, A60, A1 and M1.
Following a successful application submitted by Lands Improvement for outline planning permission in May 2015 for up to 750 new homes at the site, Savills Nottingham development team has worked closely with the land promoter to carefully select house builders for phase one of the development, which will be built by Barratt Homes, David Wilson Homes and Jones Homes. They have committed to building 152, 98 and 168 homes respectively.
James Stone, Managing Director at Lands Improvement said: “This sale marks the beginning of an exciting creation of a new, high-quality community in north Nottinghamshire. It will involve the immediate delivery of homes, facilitated by our servicing of land parcels to create efficient ‘ready to build’ parcels for development. We were looking for partners to share in the vision and deliver an exemplar housing scheme, in addition to holistic placemaking across the site to set the tone for the wider development.”
Ann Taylor from Savills Midlands development team said: “For Barratt Homes and Jones Homes, this offers the chance to be at the forefront of the vision for this project and to work alongside our client, Lands Improvement to establish themselves as a key delivery partner for the long term strategy in housing delivery across the site.”
The site is well contained by mature woodland to the north and west and is promoted as a sustainable residential scheme comprising 97 acres with consent for up to 750 homes, which will integrate into the adjacent Gateford development.
In addition to the new homes, for which building work is expected to start on site in September 2017, the planning permission includes provision for a primary school including a community hall and two junior playing pitches, surrounding landscaping work and highway and drainage works. The school site has been prepared and serviced by Lands Improvement and will be transferred to Nottingham County Council who are delivering it.
The development of Gateford Park will also help fund improvements to local road junctions to reduce congestion.
David Ruffley, regional director at Jones Homes, comments: “We are thrilled to be part of the innovative Gateford Park development, which will see the delivery of much needed new build homes in Worksop, complemented by purpose-built community facilities. It is an exciting scheme for Gateford that will create a whole new community, and we are very much looking forward to starting the build, providing 168 well-designed, high-quality homes.”
IBB Solicitors acted on behalf of Lands Improvement, Shulmans for Jones Homes, and Eversheds on behalf of Barratt Homes.
Lands Improvement sells off large part of Haddenham Airfield development
Lands Improvement Holdings’ (‘Lands Improvement’), one of the UK’s leading strategic land development companies, has secured three buyers at its major mixed-use development of land adjacent to Haddenham Airfield in Buckinghamshire.
Lands Improvement owns 158 acres to the north of Haddenham Business Park, which lies six miles south west of Aylesbury and adjacent to Haddenham and Thame Parkway railway station, from which trains run to London Marylebone every 35 minutes, in less than an hour.
The sales to housebuilder CALA Homes, DAF Trucks Limited (‘DAF’) and crane hire specialist GGR Group (‘GGR’) account for approximately 58 acres.
In September 2015, Aylesbury Vale District Council granted outline planning consent for Lands Improvement’s application for the site, which included up to 233 new homes (including affordable housing), a 12 acre extension to the existing Haddenham Business Park; a new community pavilion and sports pitches; open space; a retail convenience store, and a 64-bed care home.
This vision is now taking shape following the sale of three development parcels for a mixture of both commercial and residential development.
Two hundred jobs will be moving to Haddenham Business Park following the sale of development land to two major employers, DAF Trucks Limited and GGR Group.
DAF, which is the UK’s largest manufacturer and supplier of commercial vehicles has acquired 4.5 acres at the entrance to the business park and already started work on a three-storey, 50,000 sq ft office building, which will be its new UK and Ireland headquarters for marketing and sales. The company is expected to move from its current premises in Thame in July 2018.
GGR, Europe’s leading lifting solutions specialist has acquired a 4.8 acre plot. The company, which currently operates out of depots in Manchester, Glasgow, and Long Crendon in Buckinghamshire, will be using its new Haddenham premises for expansion.
High quality new homes on the site will be delivered by housebuilder CALA Homes, which purchased the residential parcel in early 2017 and has now secured reserved matters approval to build 233 new homes, a children’s play area, sports pitches, and a community pavilion to be used by local teams.
James Stone, Managing Director at Lands Improvement said: “It is exciting to see construction begin on site after all the hard work we have dedicated to developing the masterplan, working with the local community, and delivering major improvements to local transport links. The expansion of Haddenham Business Park and new residential development will bring both quality new jobs and homes to this part of Buckinghamshire.”
Lands Improvement is in discussions with a number of other potential purchasers in relation to the retail and care home elements of the development.
Houghton Regis project (HRN1) supports town Carnival for 2nd year running
The Houghton Regis Development Consortium (HRDC) were delighted to once again sponsor the Houghton Regis Carnival 2017.
The floats on parade are of an incredibly high standard and this year was no exception. Russell Goodchild, Commercial Manager of Houghton Regis North Site 1 (HRN1) had the pleasure of joining Houghton Regis Town Mayor, Councillor Joanna Hillyard to judge the procession competition.
Houghton Regis Town Mayor, Councillor Joanna Hillyard said: “It was great to see so many local groups and societies involved in the carnival, and we would like to congratulate all of the winners and runners up.”
The development of HRN1 to the North of Houghton Regis will deliver up to 5,150 new homes along with retail, commercial, extensive green open space and community facilities. HRDC remains committed to working with the local community as the development progresses.
For more information about the Houghton Regis scheme, please click here.
New dual carriage way completed as part of Houghton Regis scheme
A new dual carriage way between the A5-M1 has been completed and is set to unlock new housing and jobs in Houghton Regis, Bedfordshire.
The £200m project completed by Highways England was created to help relieve congestion and improve connections between local villages and communities.
The dual carriageway was part funded by developers Lands Improvement and Axa Real Estate, who contributed £45m to delivering the link road as part of the Houghton Regis North (HRN1) scheme. The new road also joins the new Woodside Link road that Central Bedfordshire Council are building as part of the Dunstable Town Centre Masterplan, and provides access to the new Houghton Regis North (HRN1) development.
This scheme is expected to improve road safety and bring economic benefits to the region. In particular, it is expected to unlock the development of 7,000 houses and 40 hectares of employment land, potentially providing 4,000 jobs in the Houghton Regis area.
For more information about the Houghton Regis scheme, please click here.
James Stone appointed managing director at Lands Improvement Holdings
Lands Improvement Holdings (‘Lands Improvement’), one of the UK’s leading strategic land development companies, has promoted James Stone to Managing Director with effect from 1st April 2017.
Formerly Land Director at Lands Improvement, James takes over the role of Managing Director from Kevin Moriarty. Kevin has overseen the integration of the Lands Improvement business with Telereal Trillium, following the company’s acquisition by Telereal Trillium from BlackRock Europe Property Fund III, in September 2015 for £120m. With the integration process now complete, Kevin has chosen to leave the company to explore new opportunities.
Since joining Lands Improvement in 2004, James Stone has been closely involved across all of the Company’s activities from site acquisition, asset management and planning, to disposal. He was appointed to the Board in June 2011.
Commenting on his appointment as Managing Director, James said: “I am grateful for the opportunity to lead Lands Improvement, one of the UK’s oldest land investment companies, through its next stage of development.
Having been with the business for more than 12 years, and worked closely with Kevin for the majority of that time, I know that Lands Improvement is very well placed to deliver the size and calibre of strategic land developments the UK so desperately needs. We have a number of exciting projects coming forward this year and are looking to make further acquisitions.”
Kevin Moriarty said: “I have thoroughly enjoyed my time with Lands Improvement which started in 2009 when I was with the previous shareholder. Throughout that time, we have achieved so much as a team. The business is in great hands going forward, being led by James with an excellent team supported by Telereal Trillium.”
Lands Improvement’s portfolio of landholdings consists of c.2,500 acres of land across the UK – a total of 26 assets at different stages, from planning promotion to land sales. Current projects include a major site at Houghton Regis, Bedfordshire, where the Company has secured permission to start work on a 5,150 home residential development with 2m sq.ft of commercial, leisure and retail space.
Kier Living Eastern to redevelop former hospital site in Peterborough
Kier Living Eastern is delighted to confirm it will soon be building quality new homes on the site of the former Peterborough District Hospital.
Lands Improvement sign up to the Peterborough 900 Corporate Partnership
Peterborough Cathedral is delighted to announce that Lands Improvement have demonstrated their support for the Peterborough 900 campaign by becoming Silver Corporate Partners.
Kevin Moriarty of Lands Improvement today said “We are delighted to be supporting the Cathedral and the City, through the Peterborough 900 Campaign. Our development of the former Peterborough District Hospital site includes the preservation of the buildings of historical importance on the site and we are well aware of the value of preserving Peterborough’s heritage.”
Lands Improvement join over 90 existing members, all of whom give their support in recognition of the Cathedral’s unique and iconic role at the heart of the city of Peterborough.
Corporate Partners can join at various levels and payment can be spread over four years, so the scheme is accessible to companies of all sizes. All Corporate Partners benefit from invitations to networking events and enjoy special rates for use of the Cathedral’s meeting and dining spaces.
The Acting Dean of Peterborough, Canon Jonathan Baker said, “We are delighted to welcome Lands Improvement as a new partner. Their development will sit at the heart of the City alongside this Cathedral, and we look forward to celebrating with them in 2018 as we both work towards making Peterborough an inspiring place for people to live and work.”
Peterborough Land Sales
In relation to the 24 acre former Peterborough District Hospital site in the city centre, Lands Improvement are pleased to announce contracts have been exchanged for land sales which will provide up to 350 new homes.
The sales comprise of 7 acres for up to 61 homes to Weston Homes and 14 acres for 289 homes to Kier.
This is a successful conclusion to what has been a challenging project that has seen Lands Improvement complete initial land acquisition, obtain planning permission for up to 350 high quality homes, and complete all site remediation and demolition works in approximately 2.5 years.
The extensive on-site regeneration works comprised of the demolition of c750,000 sqft of previous building floor space and the recycling of 100,000 tonnes of material, plus the careful removal of modern extensions and protection of the grade 2 listed Gables building. In addition Lands Improvement managed the preservation of the property know as 60/62 Thorpe Road, which is recognised as a local building of importance in regards to maintaining the traditional appearance of Thorpe Road leading to the City Centre.
In March 2015 Lands Improvement achieved a key milestone successfully transferring regenerated land to Peterborough City Council enabling the construction of a brand new 3 form elementary school which is under construction.
Also part of the Lands Improvement works was to protect and retain the former Memorial Hospital’s Administration Block. This was achieved through specialist works on-site in conjunction with the Council’s Heritage Officer, and now we look forward to seeing the building façade incorporated into the new school – which is due to open in time for Autumn term 2016.
The Peterborough Development demonstrates Lands Improvements ability to acquire Public Sector assets with environmental challenges into places for much needed new homes in a very short timescale.
Telereal Trillium acquires Lands Improvement Group for £120 million
Telereal Trillium is pleased to announce that it has completed the acquisition of Lands Improvement Group from BlackRock Europe Property Fund III for £120 million.
Colchester Planning Approval
Unanimous planning approval was granted by Tendring District Councillors on 22nd September for 120 dwellings with significant areas of open space and very low density housing. Comments from Councillors were very positive “I have never been so impressed before when I have been to a site. There’s so much here that is good.” and “the firm was told it had set an example to be followed with its design and the way it had engaged with the local community.”