Savills has announced the completion of multiple land deals which will deliver approximately 900 new homes within phase four of Linmere, a growing Bedfordshire community.
Savills acted on behalf of HRMC, the consortium of landowners spearheaded by master-developer Lands Improvement.
Linmere is situated next to Houghton Regis, and is a new community which will comprise schools, employment, retail and leisure facilities, as well as up to 5,150 new homes. The scheme is set within a landscape-led development with an emphasis on health and wellbeing.
Phases one to three are already under development with around 800 homes occupied, along with community facilities, open spaces, retail outlets and a primary school.
Phase four of Linmere comprises eight land parcels and was brought to the market by Savills in late 2024. With the investment undertaken by LIH in servicing the land, deals were agreed with four developers- Dandara and Tilia Homes, both now having achieved Reserved Matters, along with Persimmon and Bellway Homes- the latter of which completed in February.
Land parcels
All parcels were purchased with the benefit of outline permission and acquired unconditionally.
Dandara acquired parcels one and six, which together comprise 165 homes. Dandara plans to deliver a mix of open market and build-to-rent housing
Tilia Homes acquired parcels four and five, which comprise 259 homes. Tilia Homes plans to deliver the same mix of housing as Dandara.
Persimmon acquired parcels seven and eight, comprising 236 units.
Bellway Homes acquired parcels two and three which together comprise 236 units
The sales of these land parcels follow years of involvement at Linmere from Savills, providing development consultancy and agency services.
Comments
Patrick Eve, head of regional development, said “”Phase four is an important next step in the planned delivery of Linmere. The most recent land sales within this phase to four different housebuilders reflects sustained appetite from major housebuilders for well-serviced, well-located land with strong placemaking credentials.
“Bellway’s and Dandara’s ongoing involvement with Linmere will support the continued delivery of high-quality homes within one of Bedfordshire’s fastest-growing new communities”
“The involvement of Tilia Homes and Persimmon Homes in this phase represents an excellent addition to the carefully selected developer partners, and one which we feel will be to the benefit of the consortium of landowners HRMC, Lands Improvement and to Linmere itself.
“This acquisition demonstrates the robust nature of the residential development land market and a shared understanding in placemaking demonstrated by both parties.”
James Stone, managing director of Lands Improvement said “These recent land sales represent an important milestone in the continuing delivery of the thriving community at Linmere.
“With a diverse mix of tenure, further much-needed housing will be delivered with all the necessary ingredients to ensure Linmere remains a vibrant place for generations to come.”
© Thames Tap (powered by ukpropertyforums.com).
This article and its contents are the intellectual property of UK Property Forums and may not be reproduced, distributed, or used in any form without prior written permission. The views expressed are those of the author(s) and do not constitute legal or professional advice.
