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Land Securities has agreed to sell land at Eastern Quarry to joint venture company, Henley Camland. The company will prepare the land so that it is ready for housing developers to start building properties. This involves investment of around £200 million to level former quarry land, build new roads and develop retail, leisure and community facilities. It will also be building the new leisure lake on the site. The land will form two of the three villages in the Eastern Quarry.
Castle Hill, the third village, is being developed by Taylor Wimpey, Ward Homes and Persimmon. Taylor Wimpey has snapped up 539 residential plots at Castle Hill, joining Ward Homes and Persimmon, which in total are building 1,550 homes in this area of the Garden City, of which 375 are allocated as affordable.
Land Securities is retaining 16 hectares of land on Eastern Quarry, on which it will be building and developing the leisure and retail facilities. It is hoped that this area will also provide new employment opportunities and maybe even offices for small businesses.