14 May 2019 07:00
Urban&Civic plc
14 May 2019
Urban&Civic plc
("Urban&Civic" or "the Company")
RESOLUTION TO GRANT CONSENT FOR 6,500 NEW HOMES AT WATERBEACH
Urban&Civic announces that a specially constituted Planning Committee of South Cambridgeshire District Council resolved last night, 13 May 2019, to grant permission for 6,500 new homes and associated employment, transport, educational, health and community uses over the former Waterbeach Barracks site on the outskirts of Cambridge. Formal planning consent remains subject to completing the associated Section 106 agreement, which is well progressed.
The resolution to grant was made pursuant to an application submitted jointly by the Secretary of State for Defence and Urban&Civic in February 2017. The 716 acre site is entirely brownfield and sits three miles from the Cambridge Science and Business Parks, home to some of the most dynamic employment generation in the world. The land will remain in majority ownership of the Ministry of Defence, administered by Defence Infrastructure Organisation but subject to a participation in favour of Urban&Civic.
Further preparatory works will commence immediately with initial major infrastructure scheduled for not later than the end of 2019. The current programme anticipates first occupation of new homes on the site during 2022.
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For further information, please contact:
Urban&Civic plc 020 7509 5555
Nigel Hugill /David Wood
FTI Consulting 020 3727 1000
Giles Barrie / Dido Laurimore / Ellie Sweeney
urban&civic@fticonsulting.com
About Urban&Civic plc
Urban&Civic plc is an established UK property development and investment company listed on the London Stock Exchange's main market (UANC), with total assets valued at over £600 million (30 September 2018). Headquartered in London and with a network of regional offices, Urban&Civic's team is led by Nigel Hugill, CEO, and Robin Butler, Managing Director. The Company has significant in-house expertise across site assembly, planning, project management, delivery, community engagement and sales.
Strategic land constitutes the core of Urban&Civic's business model where, as Master Developer, it owns or has the stewardship of over 8,000 acres across eight sites in or close to Cambridge, Calvert, Corby, Huntingdon, Newark, Rugby, St. Neots and St Albans. These sites will deliver approximately 38,000 new homes, in excess of seven million square feet of business space and at least sixteen primary and five secondary schools over the next approximately 15 years.
In addition and together with the Wellcome Trust, Urban&Civic has been selected to partner with Basingstoke and Deane Borough and Hampshire County Councils as Master Developer for the 3,500 new home site at Manydown, a planned exemplar strategic extension to Basingstoke, in Hampshire.