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Chelmsford Residential Development

14 March 2019 / by FM Editor (author)
 (photo: Paul Miller)
/ (photo: Paul Miller)

Grosvenor Britain & Ireland is partnering with Hammonds Estates, Chelmsford City Council and private investors to deliver around 5,000 homes at a location a short distance from the English city which lies northeast of London.

 

Under the scheme, Hammonds Estates will act as the master developer of a 1,160 acre site which has been earmarked for a community of mixed residential tenures supported by amenities and education, leisure and health spaces.

 

Grosvenor has announced plans to triple the size of its Strategic Land business, targeting a portfolio of at least 30,000 homes within the next five years in areas of economic growth where housing need is most acute.   

 

Discussing the project, Alex Robinson, Director of Development, Strategic Land for Grosvenor Britain & Ireland, said: 

"This new partnership exemplifies our target model for our Strategic Land business.  Working with Hammonds Estates LLP - as with our existing partners on our other schemes - we will focus both on delivering new homes at pace, and creating exceptional communities that create a positive legacy for residents and landowners alike.
 

"This requires a considered approach and a long-term view.  It means deploying capital patiently to unlock development through up-front investment in infrastructure and placemaking, as well as maintaining careful stewardship over the design and management of new communities as they grow.
 

"Quality of environment is a major differentiator for our Strategic Land model.  At both Trumpington Meadows and Barton Park, we are meeting calls for a more meaningful debate on the role of open space and green infrastructure.  At Hammonds Farm, we look forward to interrogating these issues further to ensure that the site reaches its potential as a successful, healthy community."

 

In 2018 the privately owned Grosvenor Group (the parent of Grosvenor Britain & Ireland) reported record 2017 revenues, despite the downwards revaluation of its  property portfolio in the UK and Ireland.

FM Editor

Author

FM Editor

FM Industry (www.fmindustry.com) is a popular online destination for facility and corporate real estate professionals. The website is operated by the editorial team at Facilities Management Magazine™ ("FM Magazine"), the oldest independent periodical in the global facility services sector. Now published in three geographical regions, FM Magazine was the first publication to launch a facilities management title for the Middle East market in 2005 (when it was also invited to chair the region's first Green Building Conference on behalf of the Government of Dubai). FM Magazine [GCC Edition] is now incorporated into the publication's new EMEA edition.

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