Fiera Real Estate and Danescroft announce the sale of their 4.5-acre site in Binfield

Fiera Real Estate UK and Danescroft are pleased to announce the sale of their 4.5-acre site in Binfield to Taylor Wimpey.

Danescroft acquired the site unconditionally in April 2019 on behalf of the Fiera Real Estate Opportunity Fund IV (UK), a programmatic joint venture by Fiera Real Estate that is exclusive to clients of CBRE Global Investment Partners.

Following very extensive and complex planning discussions, Danescroft obtained consent for a standalone scheme of 54 high quality new homes.

The site benefits from outstanding accessibility to both road and rail networks, as well as nearby Bracknell town centre which recently underwent a huge £240m regeneration.

Danescroft Land Director, James Trelfa, commented; “I am pleased to confirm the sale of another well-located site following the granting of planning consent.  We are keen to pursue similar opportunities to acquire underutilised land on a straightforward and unconditional basis.”

Chris Button, Head of Value Add REIM at Fiera Real Estate UK, commented; “Once again, Danescroft’s in-house planning team have delivered an attractive and market facing consent; enabling the early provision of much needed housing, while generating excellent returns for the fund and our investors. We have significant funds available to invest in similar sites in the UK with the potential for future residential use.”