Cala Homes has sold phases 7, 8 and 9 at Finchwood Park in Finchampstead in Wokingham, Berkshire, to Barratt Homes. The land has consent for 135 homes and is part of a wider masterplan of 1,500 homes.
Finchwood Park will also deliver a neighbourhood centre, a primary school, 29.7ha of suitable alternative natural greenspace and a new road extension.
The development is a 10-minute drive from Crowthorne and Wokingham, which both provide trains to London taking less than an hour.
The deal was closed at an undisclosed price; however, funds from the sale will be used by Cala Homes (Thames) to invest in its continued growth and land acquisition across the Thames region.
The parcels of land are now under the ownership of Barratt Southern Counties, which has submitted a reserved matters application for more than 200 homes.
Kimberley Benson, sales and marketing director for Barratt Southern Counties, said: “There is a strong appetite for new homes in Wokingham and its rural surrounds, as buyers seek excellent schools, local amenities and a beautiful countryside setting with fast travel connections. Finchwood Park will help to meet demand from local buyers, while providing outstanding facilities for the local community.”
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