Redrow has acquired a 93-acre site in Stevenage, Hertfordshire. This latest acquisition takes the number of live or forthcoming sites being delivered by the housebuilder’s Eastern division across Essex, Hertfordshire and Suffolk to 10.
The site, which lies to the east of Stevenage off Gresley Way, has outline consent for 618 homes. Redrow will deliver a mix of family homes and apartments, catering to local housing needs. 40 per cent of the new homes will also be affordable.
Alongside new homes and community facilities, the development will unlock improvements to local highways infrastructure, as well as new on and off-site pedestrian and cycle routes, and a central bus-only route onto Gresley Way to support an extended bus service.
Redrow is working towards submission of a detailed planning application to East Herts District Council for the first phase of development in early Autumn 2021.
Tom Hughes, Head of Land at Redrow Eastern, commented,
“This latest acquisition perfectly reflects our strategy to deliver family homes in well-connected areas, meeting the strong demand for spacious characterful homes with easy access to green spaces. Our proposed scheme will showcase Redrow’s placemaking credentials by creating a sustainable new community, with a mix of housing and on-site amenities”
Tom Wright, Managing Director at Redrow Eastern, commented,
“We are currently expanding our presence across the East of England through several strategic land acquisitions. Our division has a proven track record of delivering highly desirable family homes in attractive and well-connected locations. We are proactively seeking sites in North and East London, Hertfordshire, Essex and Suffolk so we can continue to make a positive contribution to meeting local housing needs.”
Acting on behalf of the landowner and promoter Pigeon Land Ltd, Savills Cambridge acted as agent on the land acquisition.
Tom Fraser, from the development team at Savills in Cambridge, said:
“Supported by a robust housing market there continues to be a strong appetite for residential land in the East of England – particularly given the impact of the pandemic and the demand from house buyers for low density housing schemes with good sized gardens and high-quality open space”.