Lands Improvement Holdings (‘Lands Improvement’), the leading strategic land development company, and Taylor Wimpey, one of the UK’s largest residential homebuilders, have formed a joint venture partnership (JV) to deliver 350 new homes at the High Leigh Garden Village development in Hoddesdon, Hertfordshire.
The 92.5 acre mixed use development was granted planning permission by Broxbourne Borough Council in 2015. The masterplan for the site includes 523 new homes, a new primary school, sports pitches and pavilion, a local shop, a hotel with ancillary gym and restaurant, a residential care home, commercial floor space, public open space and allotments. Lands Improvement and Taylor Wimpey will provide a mix of one, two, three, four and five bedroom homes, including 20% affordable properties. It is anticipated that construction of the first homes will start in the first half of 2020.
As part of the planning obligation for High Leigh Garden Village, the JV will provide over £9 million towards major local infrastructure improvements to help unlock the development’s potential and enhance its integration within the local area. Contributions will be made towards improving local bus services, local healthcare facilities, primary and secondary education, facilities in Hoddesdon town centre, as well as off-site leisure, sports, pedestrian and cycling facilities.
Lands Improvement separately invested over £7million towards the construction of a new roundabout off the Dinant Link Road, ground preparation and bringing utility services to the development areas which enable the first phases of housing.
Commenting on the JV, James Stone, Managing Director at Lands Improvement, said: “This investment gives certainty to the delivery of High Leigh Garden Village as a family-orientated place to live, which combines the very best of its surroundings, both town and countryside. This is an exciting opportunity to create a sustainable new neighbourhood for this part of Hertfordshire and establish numerous community, recreational and employment facilities.
Lands Improvement is delighted to be working in partnership with Taylor Wimpey, which brings a wealth of experience as one of the UK’s largest housebuilders and shares our ambitious vision for delivering a thoughtfully designed and high quality development faithful to the Garden Village principles.”
Andrew Holloway, Land and Planning Director at Taylor Wimpey North Thames, said: “At Taylor Wimpey we are proud of the homes we build and the communities we help to create and we are pleased to be working with Lands Improvement to deliver much needed new homes in Hoddesdon. High Leigh Garden Village is a really exciting new development which will also provide some fantastic new facilities for local people and we look forward to starting work on site next year.”
Savills advised Lands Improvement on the JV partnership.