Carisbrooke Investments has exchanged contracts to sell 9.17 acres of residential land at Haverhill Research Park, Suffolk. The land has been sold to Taylor Wimpey East Anglia, who are now progressing their proposals for a residential scheme comprising 150 new homes.
The site, which lies on the Suffolk, Cambridgeshire and Essex borders, already has outline planning consent and is set to provide a wide range of houses from starter units through to executive homes. The scheme will also include a number of affordable homes, which will be available to rent, or purchase via a shared ownership scheme.
The sale signifies an important milestone in the delivery of this 30-acre, £100m project. The construction contract for the infrastructure and landscaping works will be awarded shortly with work starting on site in the next two months.
Andrew Anderson, Development Manager at Carisbrooke Investments, said: “This is very good news for Haverhill Research Park and the intense competition we experienced for the residential land is testament to the quality and setting of this site. The scheme will provide a high quality new residential area at the gateway to the town and forms part of a sustainable mix of uses that will be delivered on the park.
“We are delighted to have contracted with a major developer such as Taylor Wimpey, and look forward to working with them in delivering their development.”
Bryn Maidman, Managing Director for Taylor Wimpey East Anglia, said: “This is an exciting opportunity for us to play an important part in the future of Haverhill Research Park and to provide much needed housing for local residents.
“Our new scheme will enjoy a prestigious location at the home of several world renowned companies, and will be situated within easy reach of Cambridge.
“We are delighted to be working with Carisbrooke Investments during the project, and we are pleased to have this exceptional chance to expand our business further into the western part of East Anglia.”
On completion, the 30 acres at Haverhill Research Park will provide up to 2,000 jobs and homes for over 350 people, all within a high quality landscaped environment where people and businesses can interact and thrive.
The scheme will include up to 450,000 sq ft of office / laboratory / technology and supporting accommodation, which will be aimed at a wide spectrum of companies from start-ups to global corporates. Bespoke buildings will be available on a leasehold or freehold basis and occupiers can expect a high quality ‘science park’ environment with proposed on-site amenities that will include a day nursery, family pub/restaurant and hotel.
Crucially, occupiers can also expect accommodation at prices that are significantly lower than elsewhere in the Cambridge sub-region.
Selling agents on the residential site were Januarys and Cheffins.
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