PART of a major new housing development has been sold for more than £19 million to a retirement living developer.
Inland Homes has sold part of the Wilton Park site in Beaconsfield to care home operator Beechcroft Developments for £19.1 million, according to Shares Magazine.
The sale is conditional upon planning permission being granted.
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The 100-acre site was bought by Inland Homes from the Ministry of Defence (MoD) in 2014, having been a language school.
Outline planning consent for 304 new (79 affordable) and 46 retained homes was approved in 2019.
Private housebuilder Bewley Homes got involved in 2020 and will deliver 184 homes.
The overall estimated value of the properties at Wilton Park is £90 million, Inland reportedly told Shares.
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The site has seen its fair share of controversy – not least the notorious A355 relief road which opened in April after years of delays and is intended to ease congestion on the London Road A40 section along Wilton Park.
A355 relief road
Bucks Council completed its responsibility for construction of the northern part of the relief road (Maxwell Road to Minerva Way) in November 2019.
Inland Homes oversaw construction from Minerva Way to Pyebush Roundabout.
CEO Stephen Wicks claimed Bucks Council built its section “too early”, after resident anger about the delay.
Planning applications from Inland and Beechcroft are expected “over the coming months”, Shares claimed, quoting Alliance News.
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