A major mixed-use scheme is set to replace a former crop protection manufacturing facility on an 80-acre site in South Cambridgeshire.
Harrow Estates, on behalf of Bridgemere Remediation, has purchased the site, located to the west of Hauxton village on the M11 corridor, from Bayer CropScience Ltd, part of the Germany based Bayer AG group of companies.
Harrow Estates, set up by former Redrow chairman, Steve Morgan, is currently preparing development proposals for the site, including remediation strategies and outline applications.
Geoff Morden, Hauxton site manager for Bayer CropScience Ltd, said: “There is a shortage of housing and we have been in consultation with South Cambridge District Council to agree plans for the sale of the land to create an economically attractive mixed-use scheme, to complement the new local development framework.”
“Harrow is a company with extensive experience in the remediation of brownfield sites and we have total confidence in their ability to carry out the required decontamination work.
It is currently estimated that development, which has an estimated finished value of around £100m, could begin in 2008 and be completed by 2010/2011.
The site was marketed through Tom Marshall at GVA Grimley.
References: EGi News 16/01/06
