Two of Cambridge’s leading family-owned businesses, Marshall Group Properties, part of the Marshall Group – one of the largest private employers in Cambridge, and Hill, the award-winning top 15 UK housebuilder, have announced a strategic 50:50 joint venture agreement that will see them deliver 450 new homes in Cambridge.
The new development, Wing, will sit on a 160 acre parcel of land owned by the Marshall Group and is the business’ first major residential development project. With a masterplan that allows for a total of 1,300 homes, the first phase of the development will be delivered by Hill and when complete, will comprise 315 private homes and 135 affordable homes – including shared ownership and affordable rent tenures.
Designed by the award winning team at Pollard Thomas Edwards architects, this first phase will offer a range of properties including 1, 2 and 3 bedroom apartments and 2, 3, 4 and 5 bedroom houses. It will also be home to a wide-range of facilities to support the new community including a new primary school, sports pitches, allotments and retail and commercial space. New transport infrastructure will also be delivered as part of the development and nearby Newmarket Road will be upgraded.
Andy Hill, Chief Executive of Hill, comments: “We have established firm roots in Cambridge and have long been committed to delivering more homes to this great city as it continues to thrive and grow. Having developed over 1000 homes in Cambridge over the last 5 years alone, we take great pride in being able to provide a variety of homes for a range of people. We are therefore thrilled to be partnering with Marshall on this development and hope that it marks the start of a successful long-term relationship between two like-minded family firms committed to making Cambridge one of the best cities to live in the UK.”
Robert Marshall, Chief Executive of Marshall of Cambridge comments: “We are delighted to be partnering with Hill for the first phase of the Wing development. Both Marshall and Hill are well aligned in respect of values, ethics and focussing on delivering excellent customer service. Together, we look forward to delivering an outstanding community on Cambridge’s eastern perimeter.”
The site is well connected with the new Cambridge North Station just 1¼ miles away and regular buses to the city centre from the nearby park and ride car park. Sales are expected to launch at Wing in late 2019, with the first homes expected to be complete in the summer of 2020.