Rectory Farm,
Kings Langley
Overview
Sector
Residential
Purchase Date
February 2018
Purchase Price
£8.16m
Sold Price
£23m
Strategy
Residential Limited Partnership
This project showcases how the combination of institutional investment and property company planning skill can bring sites forward for much needed housing, whilst delivering attractive returns for stakeholders. Housebuilders are generally unwilling to take planning risk, so it takes a joint venture like ours to bridge the delivery gap.
Property Company
Features
- 20 acre part brownfield site located in an affluent, sought-after town in the London commuter belt
- Planning secured for a 55 unit residential scheme on 3.5 acres of previously developed land and then sold to Miller Homes for £8.0m
- Detailed planning consent secured at planning appeal for a further 135 units and under offer to Cala Homes
- The scheme will include 40% affordable housing, new community buildings and 2.56 ha of open space, community allotments & orchard
Purchase Rationale
- Off market acquisition in prime residential area
- Low supply of new build homes and high levels of demand
Location
- Rectory Farm, Gade Valley Close, Kings Langley, WD4 8HG
All Assets
Headley Court,
Surrey
Virginia Water,
Surrey
Willingdon,
Eastbourne
Millwrights Place
& Coopers Court, Bristol
Trade Street Gardens,
Cardiff
The Castings,
Manchester
Maritime Gateway,
Southampton
Alicante
PBSA Development
Southampton
Logistics Development
Valencia
PBSA Development
Skyline,
Bristol
Watford Works,
North-West London
RISE,
Hemel Hempstead
Claverings Industrial Estate,
Edmonton
Opus 49
Avonmouth, Bristol
Planetary Road,
Wolverhampton
B&Q Portfolio
Aston,
Birmingham
Asda,
Stockport
King Street,
Leeds
Halo,
Bristol
Aurora,
Bristol
Xpanse 120,
West Midlands
Urban Crawley,
Crawley
Spark,
Bishop’s Stortford
