Savills plc

09/30/2019 | Press release | Distributed by Public on 09/30/2019 03:54

Savills appointed for next stage of major new town development

The property specialists will help with the delivery of phase two of the development at Northstowe, to the north west of Cambridge.

Some 350 homes have already been built and are occupied on phase 1 of the scheme. The government's national housing agency, Homes England, is leading the delivery of the next two phases, which includes developing the town centre and building 8,500 homes by 2040.

Savills Cambridge Development and Savills Public Sector Land teams will now provide consultancy and disposal advice on the remainder of phase two, which includes residential schemes and the delivery of the town centre.

The teams will deliver guidance on the timing of the town centre development in relation to the residential units and will also look at how the mixed use aspect - including retail, leisure and community facilities - meets changing market conditions.

Abigail Jones, Associate Director in the Development team at Savills Cambridge, said: 'Northstowe is a major new development in the heart of our patch. The town centre will be the focus of life within Northstowe with the opportunity to create a vibrant and distinctive identity.

'We're looking forward to being able to play a part in that - using our knowledge and expertise of the region to ensure we deliver the best results possible for all concerned.'

Alex McKinlay, Director and Head of Public Sector Land at Savills, said: 'We are delighted to be advising Homes England on its flagship scheme at Northstowe. We look forward to working collaboratively with the agency in achieving its goal of accelerating housing delivery across the region.'

The marketing of Phase 2b, a residential parcel comprising approximately 250 dwellings with 40% starter homes, is now underway alongside the inception stages of the town centre strategy delivery.

The area is set to become the largest new town since Milton Keynes, with more than 10,000 new homes proposed overall.

Mike Goulding Head of Strategic Land at Homes England added: 'At Northstowe we're developing a community that will provide the homes, infrastructure and facilities people in South Cambridgeshire need.

'Strong local partnerships are key to the project's success, so we're pleased to have Savills join us and look forward to working with them on the next steps for the development.'