Urban&Civic plc RESOLUTION TO GRANT CONSENT AT WATERBEACH (8922Y)
May 14 2019 - 2:01AM
UK Regulatory
TIDMUANC
RNS Number : 8922Y
Urban&Civic plc
14 May 2019
Urban&Civic plc
14 May 2019
Urban&Civic plc
("Urban&Civic" or "the Company")
RESOLUTION TO GRANT CONSENT FOR 6,500 NEW HOMES AT
WATERBEACH
Urban&Civic announces that a specially constituted Planning
Committee of South Cambridgeshire District Council resolved last
night, 13 May 2019, to grant permission for 6,500 new homes and
associated employment, transport, educational, health and community
uses over the former Waterbeach Barracks site on the outskirts of
Cambridge. Formal planning consent remains subject to completing
the associated Section 106 agreement, which is well progressed.
The resolution to grant was made pursuant to an application
submitted jointly by the Secretary of State for Defence and
Urban&Civic in February 2017. The 716 acre site is entirely
brownfield and sits three miles from the Cambridge Science and
Business Parks, home to some of the most dynamic employment
generation in the world. The land will remain in majority ownership
of the Ministry of Defence, administered by Defence Infrastructure
Organisation but subject to a participation in favour of
Urban&Civic.
Further preparatory works will commence immediately with initial
major infrastructure scheduled for not later than the end of 2019.
The current programme anticipates first occupation of new homes on
the site during 2022.
-Ends-
For further information, please contact:
Urban&Civic plc 020 7509 5555
Nigel Hugill /David Wood
FTI Consulting 020 3727 1000
Giles Barrie / Dido Laurimore / Ellie Sweeney
urban&civic@fticonsulting.com
About Urban&Civic plc
Urban&Civic plc is an established UK property development
and investment company listed on the London Stock Exchange's main
market (UANC), with total assets valued at over GBP600 million (30
September 2018). Headquartered in London and with a network of
regional offices, Urban&Civic's team is led by Nigel Hugill,
CEO, and Robin Butler, Managing Director. The Company has
significant in-house expertise across site assembly, planning,
project management, delivery, community engagement and sales.
Strategic land constitutes the core of Urban&Civic's
business model where, as Master Developer, it owns or has the
stewardship of over 8,000 acres across eight sites in or close to
Cambridge, Calvert, Corby, Huntingdon, Newark, Rugby, St. Neots and
St Albans. These sites will deliver approximately 38,000 new homes,
in excess of seven million square feet of business space and at
least sixteen primary and five secondary schools over the next
approximately 15 years.
In addition and together with the Wellcome Trust,
Urban&Civic has been selected to partner with Basingstoke and
Deane Borough and Hampshire County Councils as Master Developer for
the 3,500 new home site at Manydown, a planned exemplar strategic
extension to Basingstoke, in Hampshire.
This information is provided by RNS, the news service of the
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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