S2 Estates has sold a £150m GDV development opportunity in Bracknell, Berkshire, known as Bracknell Beeches, to Weston Homes.
Bracknell Beeches has full planning permission for the construction of 349 homes.
The proposed scheme consists of seven new buildings ranging from four to 16 storeys and will include 350,000 sq ft of residential floorspace and 3,165 sq ft of flexible commercial and community space.
Tim Traynor, a partner in the residential development land team at Knight Frank, said: “Bracknell Beeches is strategically located within an amenity-rich area and the development benefits from excellent transport links.
“A scheme of this nature rarely becomes available and is often popular with young professionals who work between Reading and central London as well as Bracknell itself, and who want both a convenient commute and access to the abundance of green spaces, excellent schools, and brilliant rail and road connections that living in Berkshire offers.”
Dawn Wylie, land director at Weston Homes, added: “The acquisition of this development site in Bracknell fits Weston Homes’ particular expertise in regenerating underused brownfield sites within urban centres, and we are excited to be bringing forward this exceptional scheme.
“Its close proximity to Bracknell station and the town centre is a particular draw for both future residents and occupiers of the proposed ground floor commercial spaces.”
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