Crest Nicholson has acquired Oxford Brookes University’s 53-acre Wheatley Campus, which has outline planning consent for the development of 500 homes.
The development, on the eastern outskirts of Oxford, will provide a mix of two- to five-bedroom houses, along with some flats, 35% of which will be affordable.
There are also community facilities planned, such as public open space, a sports pavilion, bowling green, and a cricket pitch.
CBRE advised Oxford Brookes University on the transaction.
Nicholas Daruwalla, land director at Crest Nicholson South, said: “This is a key purchase for Crest Nicholson, given the site’s prime location and scale. It is in close proximity to major employment, retail, leisure, and education hubs, making it a highly desirable location.
“These characteristics, coupled with the area comprising high levels of housing demand and low levels of supply, makes this deal an important purchase for the business.”
Jerry Woods, director of estates and campus services at Oxford Brookes University, added: “The Wheatley site will provide a high-quality residential environment, offering an assortment of housing types to meet local needs.
“Oxford Brookes has been proud to call the Wheatley Campus home for close to 50 years and the university will continue to engage with local groups and individuals while we remain on the site over the next 18 months.”
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