UK residential property owner Grainger has announced that it has received planning permission for Newlands Common, its major residential led mixed-use development, located west of Waterlooville in South Hampshire. The development is a long-term project that has been designed as an exemplary sustainable urban extension.
UK residential property owner Grainger has announced that it has received planning permission for Newlands Common, its major residential led mixed-use development, located west of Waterlooville in South Hampshire. The development is a long-term project that has been designed as an exemplary sustainable urban extension.
The scheme will initially provide 1,550 new homes and 100,000 m2 of commercial space on the 132 ha site. According to the company, infrastructure works are due to commence shortly with the first land sales or housing starts due autumn 2008. Forty per cent of the new homes will be affordable, a balanced mix of shared equity and social rented, in line with current government guidelines. Grainger owns adjoining land which could potentially provide an additional 1,000 future dwellings.
Rupert Dickinson, CEO of Grainger, commented: 'Securing full planning permission on this key scheme is a very exciting milestone. Through working closely with the various statutory authorities, local stakeholders and our project partners, we believe that we have designed a fully integrated solution that will meet the needs of the local community, whilst positioning us well to create and deliver shareholder value.'
