Hallam and its joint-venture partner The Harpur Trust have completed a multimillion-pound land sale to Bovis Homes and Linden Homes.
The sale of the site in Biddenham in Bedfordshire represents the culmination of 17 years of work by Hallam which started with the acquisition of a small part of the site in 1997.
Hallam continued to acquire additional parts of the site, obtained a detailed planning permission and been in constant liaison with Bedford Borough Council in respect of key infrastructure works.
The disposal of the site to Bovis and Linden will result in the eventual construction of more than 700 new homes, a school, playing fields and country park. The deal will also see the long-awaited completion of the Bedford Western Bypass.
Nick Duckworth, Director of Hallam, said: “On behalf of Hallam Land Management and the Harpur Trust I am delighted that we have been able successfully to conclude this transaction after a significant amount of work over almost 20 years. We look forward to seeing Bovis Homes and Linden successfully develop the site and to working with them in future.”