Housebuilder gs8 has acquired a 122-acre site in Basildon which boasts a projected gross development value (GDV) in excess of £300 million.
The site in Bowers Gifford is gs8’s largest to date and is identified for housing in Basildon’s emerging Local Plan.
The project, likely to have 50 per cent affordable housing, will be delivered under gs8’s Planet Positive framework and zero waste charter.
Josh Gordon, co-founder of gs8, said: “This is a pivotal scheme for us as we continue to reinforce our commitment to scaling up planet positive housing delivery. We believe sustainable development must sit at the heart of housebuilding — creating not just highly efficient, low impact homes, but vibrant, integrated communities.
“Our approach and strategic vision have been incredibly well supported by residents and local stakeholders and we are now delivering zero-carbon living at scale.”
The residential development land team of Knight Frank advised on the transaction.
James Barton, partner and department head of London land for Knight Frank, said: “This 122-acre acquisition in Basildon represents a significant land transaction that will deliver much-needed housing in an area with strong connectivity to London.
“The number of units proposed will transform this part of Essex, and gs8’s sustainability goals will be a key selling point for both the local authority and future buyers.”
Gs8 is currently on site at 113-home Carpenters Yard in Epping Forest.
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