Crest Nicholson has launched its new £600 million Garden Village scheme, Arborfield Green; the regeneration of the former Arborfield Garrison in Berkshire into a significant new community of 2,000 homes. Crest Nicholson was appointed as the Development Manager for the former Arborfield Garrison site by the Defence Infrastructure Organisation (DIO), the estates arm of the Ministry of Defence, in April 2013.
Crest Nicholson will be responsible for delivering the Arborfield Green vision over the next 12-15 years on behalf of the DIO. Once complete, the development will provide all of the associated facilities and infrastructure to a new community. This will include 2,000 new homes, 62 ha of new public space, new primary and secondary schools, a library, gym, retail and hospitality units and a new community centre.
The Arborfield Green site was Crest Nicholson’s first partnership with the DIO, following which the developer secured a second partnership with its appointment to the £1 billion Wyton Airfield site in November 2014. The development of the former Arborfield Garrison site also includes the restoration of two former military buildings, the Horse Infirmary and Moat House for community use and value.
The regeneration scheme secures more than £66million of external investment into the Arborfield community, including around £26million for highway improvements on and around the former Garrison site. Once finalised the Arborfield Green development will provide Wokingham Borough Council with a £7 million new primary school, and a £30 million new secondary school, with three further community building assets of up to £5 million, and increased council tax from 2,000 new homes.
Chris Tinker, Board Director at Crest Nicholson, said, “We are excited to be launching our latest regeneration project, a multimillion pound 2,000-unit scheme on the site of a former garrison. The development will create much needed new homes and community space for the local area, as well as new jobs, retail and hospitality units to boost the local economy. Arborfield Green will follow the design and community philosophies of the Garden City movement, however tailored to a more rural village scale and character.
“The project is a long-term partnership and we are working closely with the DIO, Wokingham Borough Council and key local stakeholders to ensure a smooth delivery on site, allowing early investment in infrastructure and ultimately increasing land value and best value for taxpayers.”