Strategic land development firm Lands Improvement Holdings has completed its acquisition of around 100 acres in Stoke Mandeville, near Aylesbury, Bucks.
The site, south of Aylesbury, has been identified and allocated for residential development in the Aylesbury Vale Local Plan.
The freehold acquisition represents a significant strategic investment for Lands Improvement, which was acquired by the Telereal Trillium Group for £120m in September 2015.
James Stone, managing director of Lands Improvement, said: “This site has excellent planning prospects and is in a highly sought-after location, as well as being only 46 minutes from central London by train.
“We will be working with the local planning authority, the community and other stakeholders as plans for the site evolve, and looking to build on our relationships and experience in Aylesbury Vale to support the Council in bringing forward new homes and community infrastructure as part of its Garden Town vision.”
Lands Improvement also owns 164 acres of mixed-use development land next to Haddenham Airfield, six miles south-west of Aylesbury.
In September 2015, Aylesbury Vale District Council granted outline planning consent for Lands Improvement’s proposals for the site, which included up to 233 new homes, including affordable housing; a further 12 acres of employment land; a new community pavilion and sports pitches; open space, new footpaths and planting; a retail convenience store; and a 64-bed care home.
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