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.”