Henry Boot’s land development business has completed the sale of 2,170 residential plots in Didcot, Oxfordshire, to national builders Taylor Wimpey UK and Persimmon Homes.
The deal – struck by Hallam Land Management (HLM) under a town planning promotion agreement (PPA) on behalf of private landowners – represents a “significant part” of the annual sales target for HLM of 3,500 plots.
Covering 440 acres, the site is located on the western fringe of Didcot.
HLM took control of approximately half the ground in June 2013 and has since been actively promoting it in partnership with Taylor Wimpey and Persimmon, who controlled other parts of it.
The three parties worked with the local planning authority and Oxfordshire County Council to secure an allocation in the adopted Vale of White Horse Local Plan in December 2016, and subsequently secured preliminary approval for 4,254 plots in February 2022.
A wide range of additional community benefits have been incorporated including community/local centres, primary schools, sports fields, recreation facilities, 80 acres of green space, green infrastructure and cycling networks.
Tim Roberts, Managing Director of Henry Boot, based in Sheffield, said: “This major disposal demonstrates the strong demand for strategic council land.
“Our team’s industry-leading expertise in solving complex planning issues helped seize this significant opportunity, while showcasing our master planning capabilities to deliver new homes, workspaces, facilities community and open spaces in underserved areas of the UK.”
He added: “With this transaction, we have continued to progress towards HLM’s annual revenue and profit target, which is over 60% of our 2022 target.
“We are also on track to achieve our medium-term growth objectives thanks to a solid housing market and the continuously renewed HLM land reserve.”