Knight Frank sells Berkshire site to Cala Homes with £50million GDV

Knight Frank has announced the successful exchanging of contract of a prime residential development site in Berkshire with Cala Homes.
Acting on behalf of private individuals, the residential development land team of the global property consultancy handled the sale.
The 7.5-acre greenfield site, located south of Ascot High Street, has been acquired by Cala Homes and provides significant residential development potential and the opportunity to help remaster the centre of Ascot, which is regarded as being long overdue significant regeneration.
The sale, brokered by Knight Frank, aligns with Ascot’s ambitious rejuvenation plans and the site’s natural capital and proximity to the picturesque countryside make it an ideal location for high-quality residential homes.
The proposed development provides Cala Homes with the opportunity to foster a vibrant and cohesive community. The design will prioritise sustainability and green landscaping, enhancing the area’s natural beauty while providing modern living spaces.
Tim Traynor, a partner in the residential development land team at Knight Frank, said: “This commitment from Cala Homes in the centre of Ascot represents a significant milestone in the area’s rejuvenation plans and will undoubtedly contribute to the transformation of the community. We look forward to witnessing the positive impact of this development on Ascot once built.”
The site’s central location places it within a 10-minute walk of Ascot train station, offering direct routes to London Waterloo, as well as reaching London Heathrow Airport in 25 minutes by car.
Freddie Webber, land director at Cala Homes (Thames), said: “Cala already has a strong presence in Berkshire, and we’re delighted to secure such an exceptional site in a prime location. This is an area we know well, and we look forward to engaging with the local authority and community on our plans to deliver a sustainable and sensitively designed development, which supports Ascot’s ambitions. Our team is keen to build on this success and are actively looking for similar high-quality investment opportunities in Berkshire, Surrey, Hampshire and Dorset.”
Did you like this? Share it:



Source link