This is a site that was controlled by Thakeham. We took the decision that rather than develop the site ourselves we would trade the land and undertake the build for the buyer. As with all our land trades our preference is to sell to one of our RP partners and we were very pleased to select Clarion as our preferred buyer. This built on other projects that had been successfully acquired and developed by the two organisations.
The project was completed with an average defects per plot of 5.6. Clarion have chosen to deliver the scheme as 100% affordable housing. This has created a real windfall for the local authority in securing more affordable housing than was required under policy.
CONTRACT VALUE: £11M