Blandy & Blandy has advised the University of Reading on its recently completed disposal of the Shinfield West development site to a consortium of house builders, including Bovis Homes, Linden Homes and Bloor Homes, for a reported £100 million.
The site will see up to 1,350 new homes built across the 100 acre site, which is four miles south of Reading. It will include a new primary school, village centre with supermarket and public open spaces.
The Shinfield West site is part of a wider area, including Spencers Wood and Three Mile Cross, which has been designated as the South of the M4 Strategic Development Location (SDL).
Sir David Bell, Vice-Chancellor of the University of Reading, said: "This is good news for the University's long-term ambitions, as well as boosting the regional and local economies and communities. The sale of this site will provide much-needed housing in Shinfield, as well as a new school and community centre. It will underpin our ongoing capital investment programme - meaning we have stable funding for frontline facilities for teaching, learning and research, as well as for the Thames Valley Science Park."
Simon Dimmick, Chairman of Blandy & Blandy and the Partner who lead the firm’s Property and Planning team [for the project], commented: “It was a genuine team effort and everyone was focussed on the outcome. It was a pleasure to work for the University of Reading with Savills. The huge task was however made easier by our client’s clear instructions at all stages.”
Working alongside Simon at Blandy & Blandy were fellow partners Karen Jones and Jane Gunnell.
Kat Norton, Savills UK Director, National Development, added: "This is a fantastic achievement for the University, Savills and Blandy & Blandy. Our combined effort has meant that we have successfully secured the sale of one of the largest UK strategic sites in 2015."
For further information or legal advice, please contact law@blandy.co.uk or call 0118 951 6800.
