Cala Homes has announced the acquisition of a new residential development site with a GDV of £110million at Mindenhurst Village in Deepcut, Surrey.
The 14-acre brownfield site forms part of Skanska’s master development for Mindenhurst, Deepcut Village, which is set to deliver more than 1,200 homes as part of a new community with plans for a primary school, sports pitches and a new village pub.
Situated on Mindenhurst Plateau, the site is located on the former grounds of the British Army’s Princess Royal Barracks. The site was purchased from the Defence Infrastructure Organisation (DIO) and is allocated for housing in Surrey Heath Borough Council’s Local Plan. Outline planning consent to build 237 homes on the land, including 36 affordable homes, has already been secured. Cala has also submitted a Reserved Matters application to the Local Planning Authority for consideration.
Cala’s ambitions are to build on its previous success at Mindenhurst, where it has already built and sold 215 homes, to create another residential neighbourhood which will help address local housing need while enhancing the biodiversity of the site through its Urban Wildlife Strategy.
Freddie Webber, managing director at Cala Homes Thames, said: “Mindenhurst Village is a fantastic development which will help create a vibrant new community in Deepcut and we’re really excited to be a part of it. We’ve already delivered 215 homes as part of the development and we’re excited to have unlocked the potential to deliver more high-quality homes through this acquisition.”
“The deal is a testament to our confidence in the market and subsequent appetite to proactively invest in high-quality residential sites across Surrey and its surrounding counties.”
Barney Hillsdon, managing director of the Place Transactional team at Avison Young, said: “We are delighted to complete on the latest phase of Mindenhurst Village to Cala Homes Thames. We are looking forward to them delivering the next part of this established, high-quality Surrey community”
