Knight Frank has announced the sale of a prime residential development site in Ascot to Cala Homes.
The residential development land team of the global property consultancy acted on behalf of private individuals in the deal.
Knight Frank says the 7.5-acre allocated, greenfield site, south of Ascot High Street, boasts significant residential development potential and the opportunity to help remaster the centre of Ascot, a long-needed regeneration. Cala plans 80 homes on the site.
Tim Traynor, partner in the residential development land team at Knight Frank, said: “This commitment from Cala Homes in the centre of Ascot represents a significant milestone in the area’s rejuvenation plans and will undoubtedly contribute to the transformation of the community. We look forward to witnessing the positive impact of this development on Ascot once built.”
The site is a 10-minute walk from Ascot train station and has countryside within a five-minute drive.
Freddie Webber, land director at Cala Homes (Thames), said: “Cala already has a strong presence in Berkshire, and we’re delighted to secure such an exceptional site in a prime location.
“This is an area we know well, and we look forward to engaging with the local authority and community on our plans to deliver a sustainable and sensitively designed development, which supports Ascot’s ambitions.
“Our team is keen to build on this success and are actively looking for similar high quality investment opportunities in Berkshire, Surrey, Hampshire and Dorset.”
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