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Top-10 housebuilder, Linden Homes has announced an acquisition deal on a 90-acre site in Beverley, East Yorkshire. The deal marks the largest acquisition in the history of Linden Homes’ East Yorkshire division, which has a development value of around £180 million.
The scheme will deliver a range of two, three and four-bedroom homes across the development, and a much-needed Park and Ride scheme for the town, at a cost of around £5 million.
Linden Homes East Yorkshire land director Matthew Barker said: “This has been a complicated scheme that has required extensive negotiations with the Local Authority, land owners and agents over a number of years in order to bring the scheme forward. East Riding Council granted planning consent for up to 900 units on the site this January.
“This site will deliver a backbone to our business with up to 10 years of development; and is the largest acquisition in the East Yorkshire business’s history.”
The proposed development site was identified as a key growth area within the adopted East Riding Local plan in July to provide a range of land uses including housing, employment, open space, a park and ride facility and associated infrastructure.
It is expected that work will start on site this month, with the first homes due for completion in early 2020.
-ENDS-
For further press information please contact Tom Gosschalk at BECG on 020 3697 7647 or Tom.Gosschalk@becg.com
References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith, Vistry Ventures or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.
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