Barratt Developments has bought a slice of land in Cambridge from Trumpington Meadows Land Company, a joint venture between Grosvenor Britain & Ireland and Universities Superannuation Scheme.
The housebuilder has exchanged on the sale of the remaining 40 acres of consented land at Trumpington Meadows, in south west Cambridge, to Barratt Eastern Counties for £50m.
Barratt will provide 1,200 new homes on the site in a phased development programme over the next five years.
The Trumpington Meadows team continues to be involved with its remaining holdings including its 140-acre country park and 150 acres of arable land.
Ed Skeates, projects director at Grosvenor Britain & Ireland said: “The Barratt team has already delivered more than 200 fantastic new homes at Trumpington Meadows and is achieving a phenomenal sales rate. The new community is taking shape and I’m looking forward to seeing the opportunity to build on this with the next phase of development.”
David Eardley, managing director of Barratt Eastern Counties, added: “Trumpington Meadows has become one of the key residential development locations in Cambridge, and we look forward to continuing our partnership with Grosvenor and USS, over the next five years, to create a thriving and desirable new community where people aspire to live.”
