Urban&Civic plc Contracts exchanged on 785 acre strategic site (0449H)
March 08 2018 - 1:00AM
UK Regulatory
TIDMUANC
RNS Number : 0449H
Urban&Civic plc
08 March 2018
8 March 2018
Urban&Civic plc
Urban&Civic exchanges contracts on 785 acre Calvert
strategic site for master development
-site sits at the intersection of HS2 and proposed new Varsity
line-
Urban&Civic plc (Urban&Civic) announces that it has
exchanged contracts with Claydon Estate LLP on a conditional
agreement in relation to 785 acres of greenfield land on the
Claydon Estate near Calvert in Aylesbury Vale, Buckinghamshire,
offering the potential for significant residential development in
an area of nationally strategic importance.
The site adjoins the new High Speed 2 (HS2) depot where the HS2
line will meet the proposed Varsity rail line, within the Cambridge
- Milton Keynes - Oxford corridor, a priority area identified by
the National Infrastructure Commission (NIC) for new housing
delivery. A key modification to the National Planning Policy
Framework (NPPF), which was issued for consultation as part of the
Prime Minister's speech on making housing fairer (announced 5 March
2018), was the attaching of materiality to endorsed NIC
recommendations when preparing plans or determining
applications.
This latest agreement demonstrates Urban&Civic's focus as
Master Developer and trusted partner to identify strategic
development opportunities in key growth locations which can
leverage the impact of significant infrastructure investment.
-ENDS-
For further information, please contact:
Urban&Civic plc 020 7509 5555
Nigel Hugill /David Wood
FTI Consulting 020 3727 1000
Giles Barrie /Ellie Sweeney /Dido Laurimore
urban&civic@fticonsulting.com
Notes:
About Urban&Civic plc
Urban&Civic plc is an established UK property development
and investment company listed on the London Stock Exchange's main
market (UANC), with total assets valued at over GBP550 million (30
September 2017). Headquartered in London and with a network of
regional offices, Urban&Civic's team is led by Nigel Hugill,
CEO, and Robin Butler, Managing Director. The Company has
significant in-house expertise across site assembly, planning,
project management, delivery, community engagement and sales.
Strategic land constitutes the core of Urban&Civic's
business model where, as Master Developer, it owns or has the
stewardship of over 5,500 acres across seven sites in or close to
Cambridge, Calvert, Corby, Huntingdon, Newark, Rugby and St. Neots.
These sites will deliver approximately 34,500 new homes, in excess
of seven million square feet of business space and at least
fourteen primary and six secondary schools over the next
approximately 15 years.
In addition and together with the Wellcome Trust,
Urban&Civic has recently been selected to partner with
Basingstoke and Deane Borough and Hampshire County Councils as
Master Developer for the 3,500 new home site at Manydown, a planned
exemplar strategic extension to Basingstoke, in Hampshire.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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