Homes England seals Cambridge East land deal
Summary
Homes England and the Hill Group have completed the acquisition of the 700-acre Cambridge East site from Marshall Group. The site is earmarked for more than 10,000 homes and 9,000 jobs, indicating a major long-term development pipeline for the area.
Why it matters
Large strategic land deals can influence local housing supply, development activity and future valuation assumptions in the Cambridge market. Surveyors may also need to track the scheme as it progresses for planning, infrastructure and market comparables.
Key points
- Homes England and Hill Group have bought the Cambridge East site from Marshall Group.
- The site covers 700 acres in Cambridge.
- The land is earmarked for more than 10,000 homes.
- The scheme is also expected to support 9,000 jobs.
Organisations:
Homes England, Hill Group, Marshall Group
Locations:
Cambridge, Cambridge East
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