Marshall Group Properties, part of the Marshall Group – one of the largest private employers in Cambridge, and Hill have announced a strategic 50:50 joint venture agreement that will see them deliver 450 new homes in Cambridge.
The new development, Wing, will sit on a 160 acre parcel of land owned by the Marshall Group and is the business’ first major residential development project. With a masterplan that allows for a total of 1,300 homes, the first phase of the development will be delivered by Hill and when complete, will comprise 315 private homes and 135 affordable homes – including shared ownership and affordable rent tenures.
Andy Hill, Chief Executive of Hill, said, “We have established firm roots in Cambridge and have long been committed to delivering more homes to this great city as it continues to thrive and grow. Having developed over 1000 homes in Cambridge over the last 5 years alone, we take great pride in being able to provide a variety of homes for a range of people. We are therefore thrilled to be partnering with Marshall on this development and hope that it marks the start of a successful long-term relationship between two like-minded family firms committed to making Cambridge one of the best cities to live in the UK.”
Robert Marshall, Chief Executive of Marshall of Cambridge, said, “We are delighted to be partnering with Hill for the first phase of the Wing development. Both Marshall and Hill are well aligned in respect of values, ethics and focussing on delivering excellent customer service. Together, we look forward to delivering an outstanding community on Cambridge’s eastern perimeter.”