Chase New Homes complete purchase of Canada Life Site

Chase New Homes have completed the purchase of the 4.5-acre Canada Life Site, on High Street Potters Bar. Benefitting from a draft allocation for 265 dwellings, and an element of commercial space. The site was sold by Savills on instructions for Canada Life

Chase New Homes has worked collaboratively with the Hertsmere Planning Authority to deliver a design-led scheme, potentially with an enhanced density, and they are now preparing to submit a planning application in July.

The site has been purchased on an unconditional basis with an exchange of contracts in April 2025. Completion and vacant possession were deferred to 29th May 2026 to enable a smooth transition for Canada Life for their relocation to new offices on Clarendon Road in Watford.

The majority of the office space is now vacant, however there will be a number of tenants that will remain on site until at least December 2026.

Comments

Gary Barton, managing director of Chase New Homes, said: “We are all extremely excited to be working on such an iconic site in Potters Bar and to add to our growing list of successful developments that we at Chase are very proud of delivering.

“We pride ourselves in creating schemes that not only enhances the areas in which we work, but also deliver an exceptional lifestyle living experience’’

Joe Last, associate director in the development team at Savills, said: “We are delighted to have completed contracts on this landmark site. Chase are a leading regional housebuilder with a reputation for delivering high quality homes. From the outset they demonstrated a willingness to meet the requirements of the site owner – offering a flexible solution that was to the benefit of all parties. We look forward to seeing how the new scheme comes to fruition”

Image: chasenewhomes.co.uk