Housebuilder Barratt Redrow has signed a partnership agreement with Buckinghamshire Advantage, a wholly owned subsidiary of Buckinghamshire Council, to deliver a 1,100-home masterplan on land south east of Aylesbury.
The 495-acre Woodlands scheme, which has already secured planning permission, will comprise 220 affordable homes as well as community and sports facilities including a 40-acre sports village and pitches.
The plans also include a new hotel and conference venue alongside 1m sq ft of business and employment space. There will also be 344 acres of formal and informal open green space.
In recent weeks, consent has also been secured for improvements to the A41 roundabout junction that facilitates the development of housing and employment in the area.
Lauren Potter, development director at Barratt Redrow, said the scheme would “extend and build upon this success, creating a new sustainable and high-quality destination for Aylesbury”.
“The community will benefit from the delivery of new homes, new high-tech sport and employment facilities and major new highway infrastructure, with 58% of Woodlands providing nature-led recreational open space,” she added.
“By working with our partners at Buckinghamshire Advantage, we will create another award-winning major development. We therefore look forward to achieving the second milestone, which involves securing a reserved-matters planning permission for the delivery of all the infrastructure and 400 homes.”
Richard Harrington, managing director at Buckinghamshire Advantage, said the project would “enable vast improvements to infrastructure”.
He added: “Overall, the Aylesbury Woodlands development provides a unique opportunity to enhance and expand the town’s housing, employment and essential infrastructure.”
Last week, Barratt Redrow reiterated its completions guidance as it delivered a “strong” third-quarter performance, despite “heightened macroeconomic uncertainty” amid the conflict in Iran.
The developer said it was “on track” to deliver total home completions for the year of between 17,200 and 17,800, including 600 via joint ventures. It added that it was also on track to hit full-year pre-tax profits despite a 13.6% drop in its H1 pre-tax profits.
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