Capital Land Property secures approval for £400m housing project in UK

WCN Editorial Team 28 Aug 2020 EUROPE BUILDINGS

UK-based Capital Land Property Group has received planning consent from Swindon Borough Council to deliver more than 1,550 homes as part of the transformation of the eastern side of Swindon, UK.

The £400m Great Stall East project will offer two-, three-, four and five-bedroom private and affordable homes. It will also include a primary and secondary school.

Each housing unit has been designed to fit the context of the local area and a contemporary lifestyle.

The project will serve as a gateway development to the New Eastern Villages (NEV) development, an urban regeneration development within the UK.

Capital Land founder Jeremy Francis said: “I am Swindon born and raised and my family roots here date back three generations. In fact, the whole Capital Land team has an emotional attachment to the town, so the news that we have secured planning permission after years of meticulous preparation is tremendously satisfying.”

The UK-based firm said that the project will create hundreds of direct jobs during the nearly 14-year construction period, as well as several indirect jobs in the construction and supply sectors.

Located in the Wiltshire Countryside between the North Wessex Downs and the Cotswolds, NEV development will feature 8,000 -12,000 homes, a new district centre, 40ha of employment and associated health, retail, education and leisure facilities.

Francis added: “Securing planning permission for Great Stall East is the result of several years of detailed technical and design work and it follows very constructive and collaborative meetings with Swindon Council, not to mention a public consultation.

“Involvement of local people in our decisions is key and I want to thank all those involved with the project for helping us achieve this major milestone. We are talking about an investment of over £400 million, so this is a really significant project for the town’s future.”

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The project will feature 1,550 homes along with a primary and secondary school. (Credit: Capital Land Property Group Ltd)

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