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Redrow gets the third parcel of infrastructured land to be put out under licence, comprising 6.7 hectares. The first two parcels are being developed respectively by Hopkins Homes (on site now) and Morris Homes (scheduled to start building in September 2016). Redrow is also expected to start construction in early autumn.
In total, Urban&Civic has so far contracted on almost 500 plots across 41 developable acres at Alconbury Weald, with full infrastructure all the way down to tree planting.
Buyers area also emerging, the developer said, and 29 private housing reservations have been taken by Hopkins since coming on site in mid-April, all of which appear to be owner occupiers. The first primary school, designed by architect Allford Hall Monaghan Morris and built by Morgan Sindall, opens in September 2016.
Urban&Civic CEO Nigel Hugill said: "Redrow are reputed for the quality of their housing offer. The fact that they are prepared to complete arrangements at the current time is both a reflection of our shared aspirations for Alconbury and the strength of the Urban&Civic licence model. We have established a reputation for providing housebuilders with exactly what suits them at the moment; the ability to recycle capital rapidly in a carefully crafted sales environment."
John Mann, managing director of Redrow Homes (South Midlands), said: "Alconbury Weald is a great location for us, given our existing developments in St Neots and Hauxton, near Cambridge. We plan to build a mix of three, four and five-bedroom homes inspired by our Heritage Collection, which will complement and enhance the existing offering."
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