Vistry Group has acquired five parcels of land at Finchwood Park in Finchampstead, near Wokingham, that will deliver 600 new mixed-tenure homes.
Detailed planning permission is in place for the first 256 homes (including 89 affordable homes), which Vistry will deliver as a mix of one and two-bedroom apartments and two, three and four-bedroom houses.
The parcels are located within a wider development of 1,500 homes being brought forward by Cala Homes.
Trevor Wicks, managing director for Vistry Thames Valley, said: “As Britain’s biggest housebuilder and one of its largest providers of affordable homes, securing these land parcels plays perfectly to the strengths of our group, delivering a significant number of mixed tenure homes – including homes to rent – as well as open market homes sold via our retail housebuilding brands.”
John Richards, land and planning director at Cala Homes Thames said: “It’s excellent news that we have exchanged contracts on these parcels with Vistry.
“This will allow housing delivery to significantly accelerate on the site, alongside the delivery of important community facilities including public open space, allotments, sports pitches, a pavilion and a neighbourhood centre to complement our green open space and new Nine Mile Ride extension, which have already been completed.
“We look forward to building alongside Vistry as Cala move onto Parcels four, five and 16, which we hope will all have planning permission by early 2025.”
Vistry expects to start construction in January.
Image shows three of the parcels within in the central red line and further parcels to the left and right.
© Thames Tap (powered by ukpropertyforums.com).
Sign up to receive our weekly free journal, The Forum here.
