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Larkstoke brokers Bicester homes deal

wantspacegotspace.co.uk - Larkstoke brokers Bicester homes dealA national housebuilder has commenced work to submit a planning application to build more than 200 homes at Bicester, Oxfordshire, after reaching agreement with a private landowner.
Property consultants Larkstoke advised the landowner as to the options for development available and the best strategy to be adopted, resulting in a transaction being entered into with Cala Homes, which has a track record of delivering successful housing schemes across the UK.
Larkstoke managing director Tim Hurdiss, who is chairman of the Investment Property Forum’s Midlands region, said: “We have been advising a private landowner in respect of their substantial landholding on the edge of Bicester that has potential for a major housing scheme.
“Following a detailed review of the planning background and possibilities moving forward it was decided that the best strategy to secure planning consent was to work with a national housebuilder with a track-record of delivering successful schemes.”
A select number of housebuilders were approached and following a number of submissions the decision was taken to work with CALA Homes. An option agreement has been entered into with CALA.
He added: “I was delighted to be asked by the landowner to advise them on the best way of maximising the returns. Following a detailed review of the planning history, emerging policies/issues including the implications of the National Planning Policy Framework, and Bicester masterplan, it was felt that the site had a realistic prospect of securing a planning permission.
“Accordingly, after considering many proposals, it was decided that the best way forward was to enter into an option agreement with CALA homes.”
Larkstoke is now working with Cala Homes who are entering a period of public consultation prior to the submission of a planning application. Meetings have already been held with key stakeholders and the first public exhibition held, the feedback from which will help inform the design of the scheme, facilities that will be provided and the overall planning process.

Posted by The Editor (wantspacegotspace) on 18th May 2013 (updated 31/05/2013)

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